A note for $20000 dated June 1, 1991 is due in 3 years with compound interest at
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A note for $20000 dated June 1, 1991 is due in 3 years with compound interest at 13.5% compounded semi annually. on Dec 1, 1992 the holder of the note has it discounted by a lender who charges 15% compounded semi annually. what are the proceeds?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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