Calculate the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2021, if money

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Calculate the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2021, if money is worth 6.15%, on July 20, 2021.

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:06 AM

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Calculate the present value of a four-month non-interest-bearing note for $2500 issued June 10, 2021, if money

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The present value formula is PVFV1i n where you divide the future value FV by a f...View the full answer

Contemporary Business Mathematics With Canadian Applications

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