Essay
A three-year, $12 000 promissory note bearing interest at 11.6% compounded quarterly is discounted two years after the date of issue at 9.64% compounded semi-annually. What are the proceeds of the note?
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Maturity value = 12000.00(1.02...View Answer
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Correct Answer:
Verified
Maturity value = 12000.00(1.02...
View Answer
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