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Kss612 Kss612
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A four-year promissory note with a face value of $2000, bearing interest at 6% compounded quarterly, was sold 1½ years after its issue date to yield the buyer 8% compounded monthly. What amount did the buyer pay for the note?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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harrison5692harrison5692
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Kss612 Author
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Helped a lot
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Thanks
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