Four years and 7 months before its due date, a seven-year note for $2650, bearing interest at

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Four years and 7 months before its due date, a seven-year note for $2650, bearing interest at 9% compounded quarterly, is discounted at 8% compounded semi-annually. Find the compound discount.

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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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Four years and 7 months before its due date, a seven-year note for $2650, bearing interest at

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PV 265000 I Y 9 C Y 4 i 225 00225 n 28 Maturity value 26500010225 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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