On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute

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On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2017, if money is worth 6.5%.

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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 03:45 AM

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On June 1, 2017, a four-month promissory note for $1850 with interest at 5% was issued. Compute

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Maturity value Due date October 1 2017 Interest period Jun...View the full answer

Contemporary Business Mathematics with Canadian Applications

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