Question: :) A note for $20,000 dated June 1, 1991, is due in 3 years with compound interest at 13% compounded semiannually. On December 1, 1992,

:) A note for $20,000 dated June 1, 1991, is due

:) A note for $20,000 dated June 1, 1991, is due in 3 years with compound interest at 13% compounded semiannually. On December 1, 1992, the holder of the note has it discounted by a lender who charges 15% compounded semiannually. What are the proceeds? Find the present value of $20,000 due in 15 months if money is worth 11% converted semiannually. A woman can buy a dining room set for $2800 cash or for

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