When discounted to yield 3.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 5.5% compounded
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When discounted to yield 3.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 5.5% compounded semiannually was priced at $5169.10. How long after the issue date did the discounting take place?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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