When discounted to yield 9 . 0 % compounded quarterly, a $ 6 , 5 0 0

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Question:

When discounted to yield

9.0 %

compounded quarterly, a $

6, 500

seven

-

year promissory note bearing interest at

12.5 %

compounded semiannually was priced at $

11, 123.26 .

How long after the issue date did the discounting take place?

Posted Date: May 11, 2024 05:47 AM

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When discounted to yield 9 . 0 % compounded quarterly, a $ 6 , 5 0 0

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To find out how long after the issue date the discounting took place we need to calculate the time b... View the full answer

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