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A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a ...

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A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a ...

A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a half years after the date of issue at 2.5% compounded monthly. Find the proceeds.
A) $48 161.60
B) $56 622.44
C) $58 783.81
D) $42 528.72
E) $40 965.02

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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Axy

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More solutions for this book are available here

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singh joban1, bio_man

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Anonymous

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A month ago Edited: A month ago

Help! The answer is missing an explanation...

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A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a half years after the date of issue at 2.5% compounded monthly. Find the proceeds.

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A $50 000.00, 5-year note bearing interest at 3.25% compounded quarterly, discounted three and a half years after the date of issue at 2.5% compounded monthly. Find the proceeds.

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