Find the proceeds of a non-interest-bearing promissory note for $6000, discounted 54 months before its due date

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Find the proceeds of a non-interest-bearing promissory note for $6000, discounted 54 months before its due date at 6% compounded quarterly.

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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 03:47 AM

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Find the proceeds of a non-interest-bearing promissory note for $6000, discounted 54 months before its due date

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FV 600000 I Y 6 C Y 4 64 15 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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