Question: A six-year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually, is discounted on March 1, 2017, at 7% compounded

A six-year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually, is discounted on March 1, 2017, at 7% compounded semi- annually. What are the proceeds of the note?

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Due date 20201201 PV 175000 I Y 65 C Y1 i 65 0065 n 6 Maturity value 17... View full answer

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