Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Hillier Hillier
wrote...
Go to Answer
Posts: 550
Rep: 5 0
6 years ago
A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly. What amount was paid for the note?
A) $3500
B) $5978.51
C) $4336.93
D) $6021.50
E) $4251.71
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 142 times
2 Replies
Replies
Answer verified by a subject expert
AxyAxy
wrote...
#1
Posts: 349
Rep: 153 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Hillier Author
wrote...
#2
6 years ago
Thanks so much
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1225 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 368
  
 27450
  
 30
Your Opinion
What's your favorite funny biology word?
Votes: 401
Previous poll results: Do you trust social media networks with protecting your privacy?