Find the proceeds of a $5000, seven-year note bearing interest at 8% compounded quarterly, discounted two-and-a-half years

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Find the proceeds of a $5000, seven-year note bearing interest at 8% compounded quarterly, discounted two-and-a-half years after the date of issue at 6% compounded monthly.

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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 03:48 AM

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Find the proceeds of a $5000, seven-year note bearing interest at 8% compounded quarterly, discounted two-and-a-half years

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Maturity value PV 500000 I Y 8 C Y 4 i 84 20 0 02 n 7 4 28 FV 5000001...View the full answer

Contemporary Business Mathematics with Canadian Applications

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