Question: Question 5 (1 point) A five year promissory note with a face value of $5000, bearing interest at 6% compounded semi-annually, was sold 18 months

 Question 5 (1 point) A five year promissory note with a

Question 5 (1 point) A five year promissory note with a face value of $5000, bearing interest at 6% compounded semi-annually, was sold 18 months after its issue date to yield the buyer 4% compounded quarterly. What amount was paid for the note? a $6719.58 55463.64 $5845.79 $4753.16 C d

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