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Determine the proceeds of the sale on a six-year interest

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Determine the proceeds of the sale on a six-year interest-bearing promissory note for $5,750 at 6.9% compounded monthly, discounted two years and three months before its due date at a discount rate of 9.9% compounded quarterly.

Reference no: EM132949934

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Determine the proceeds of the sale on a six-year interest : Determine the proceeds of the sale on a six-year interest-bearing promissory note for $5,750 at 6.9% compounded monthly, discounted two years and three months b
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