A non-interest-bearing note for $1500 is due on June 30, 2016. The note is discounted at 10%

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A non-interest-bearing note for $1500 is due on June 30, 2016. The note is discounted at 10% compounded quarterly on September 30, 2012. 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 03:50 AM

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A non-interest-bearing note for $1500 is due on June 30, 2016. The note is discounted at 10%

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Contemporary Business Mathematics with Canadian Applications

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