Question: answer step by step Q-4: A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months

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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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