How much is the note worth today if the interest rate

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Reference no: EM131302167

The Lexington Property Development Company has a $18,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is

9%? Round your answer to the nearest dollar. $

12% compounded monthly? Round your answer to the nearest dollar. $

8% compounded quarterly? Round your answer to the nearest dollar. $

18% compounded monthly? Round your answer to the nearest dollar. $

Reference no: EM131302167

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