A seven-year, non-interest-bearing note for $5200 is discounted 3 years and 8 months before its due date

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A seven-year, non-interest-bearing note for $5200 is discounted 3 years and 8 months before its due date at 9% compounded quarterly. Find 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 03:48 AM

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A seven-year, non-interest-bearing note for $5200 is discounted 3 years and 8 months before its due date

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Contemporary Business Mathematics with Canadian Applications

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