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Home Q & A Board Science-Related Homework Help Mathematics
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islandgurl islandgurl
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5 months ago
A $6300 face-value investment earning interest at 10% compounded annually for a six-year term was sold for $7550. How many years before its maturity date was the note sold if it was discounted to yield 12% compounded monthly?

▸ 2.73 years

▸ 3.27 years

▸ 4.50 years

▸ 12.38 years

▸ 39.28 years
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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billbyebillbye
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5 months ago
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More solutions for this book are available here
3.27 years
1

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islandgurl Author
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5 months ago
This site is awesome
Cdfields
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
TAT1238
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2 hours ago
Good timing, thanks!
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