A non-interest-bearing note for $1500 is due on June 30, 2024. The note is discounted at 10%

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A non-interest-bearing note for $1500 is due on June 30, 2024. The note is discounted at 10% compounded quarterly on September 30, 2020. What are the proceeds of the note?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:07 AM

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A non-interest-bearing note for $1500 is due on June 30, 2024. The note is discounted at 10%

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Contemporary Business Mathematics With Canadian Applications

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