A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1,
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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?
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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