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ikrabbe ikrabbe
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6 years ago
A five year promissory note with a face value of $5000, bearing interest at 6% compounded semi-annually, was sold 18 months after its issue date to yield the buyer 4% compounded quarterly. What amount was paid for the note?
A) $6719.58
B) $5845.79
C) $5463.64
D) $4753.16
E) $4349.82
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago
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ikrabbe Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
lierac00
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Yesterday
Correct Slight Smile TY
Jadakiss
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2 hours ago
Helped a lot
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