A 100-day $750 note with interest at 12.5% was written on July 15. The maker approaches the

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A 100-day $750 note with interest at 12.5% was written on July 15. The maker approaches the payee on August 10 to propose an early settlement. What amount should the payee be willing to accept on August 10 if short-term investments can earn 8.25%?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:17 AM

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A 100-day $750 note with interest at 12.5% was written on July 15. The maker approaches the

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Business Mathematics In Canada

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