Question: answer step by step Q-3: A $1000 face value Series P76 compound interest Canada Premium Bond (CPB) was presented to a credit union branch for
Q-3: A $1000 face value Series P76 compound interest Canada Premium Bond (CPB) was presented to a credit union branch for redemption. What amount did the owner receive if the redemption was requested on: 1. November 1, 2015? 2. January 17, 2016? Q-4: A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly. What amount was paid for the
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