Find the proceeds of a non-interest-bearing promissory note for $75 000 discounted 42 months before maturity at

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Find the proceeds of a non-interest-bearing promissory note for $75 000 discounted 42 months before maturity at 6.5% compounded semi-annually.
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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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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