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What is the nominal value of a bill of exchange that is 4 years before its maturity, so that it is equivalent to another bill
What is the nominal value of a bill of exchange that is 4 years before its maturity, so that it is equivalent to another bill of exchange of $ US 2,500, which is 3 years before its maturity, if both documents are discounted at 15% per year, also knowing that interest is compounded every year?
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