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Lada Lada
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6 years ago
The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the present value of the note on the date of issue if money is worth 6.3%?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
Legal due date: November 3, 2013
Interest period: May 31, 2013 - November 3, 2013 is 156 days
   
P =   =   = $2078.05
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