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You have a seven-year, non-interest-bearing note for $5400 maturing in 3 years and 8 months. You need cash now and decide to sell it at

You have a seven-year, non-interest-bearing note for $5400 maturing in 3 years and 8 months. You need cash now and decide to sell it at 9% compounded quarterly. How much cash will you receive for the note if you sell it today ?

Question 11 options:

	$3896.41
	$3752.10
	$5400.00
	$9695.63

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