Essay
Use the exact method to compute the proceeds of a non-interest-bearing note for $5640.00 six years and seven months before the due date, if money is worth 7.25% p.a. compounded annually.
Correct Answer:
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n = (6 + 
)1 = 6.583...View Answer
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Correct Answer:
Verified
n = (6 + )1 = 6.583...
)1 = 6.583...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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