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gewusel gewusel
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A year ago
An 11-year $5000.00 promissory note, with interest at 4.4% compounded monthly, is discounted at 3.5% compounded semi-annually yielding proceeds of $7651.15. How many months before the due date was the date of discount?
A) 20 months
B) 47 months
C) 116 months
D) 76 months
E) 132 months
Textbook 

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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A year ago
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