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Lada Lada
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6 years ago
Find the present value of a non-interest-bearing seven-month promissory note for $1800 dated August 27, 2012, on December 4, 2012, if money is then worth 8.375%.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
Due date: March 30, 2013
Maturity value: $1800.00
Discount period: December 4, 2012 - March 30, 2013
   28 + 31 + 28 + 29 = 116 days
P =   =   = $1753.33
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