A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is

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A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is discounted on September 1, 2018, at 11% compounded quarterly. What are the proceeds of the note?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:49 AM

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A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is

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Due date 20250601 Maturity value 40 00000106 30 40 000005743...View the full answer

Contemporary Business Mathematics with Canadian Applications

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