Question: A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1, 2015, it is sold at a price that

A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1, 2015, it is sold at a price that will yield the purchaser j₄ = 15%. How much is paid for the note?

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