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farendrn farendrn
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10 months ago
A four-year promissory note for $3800 plus interest at 9.5% compounded semiannually was sold 18 months before maturity for $4481. What quarterly compounded (annual) rate of return will the buyer realize on her investment? Round to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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shalashashalasha
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10 months ago
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10 months ago
You make an excellent tutor!
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this is exactly what I needed
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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