How much should it pay virgina for her note

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Reference no: EM131087632

Victor owes $6500 to Virginia. The loan is payable in one year at 6% interest. Virginia needs cash to pay medical bills,so four months before the loan is due,she sells the note (loan) to the bank. If the bank wants a return of 9% on its investment,how much should it pay Virgina for her note?

Reference no: EM131087632

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How much should it pay virgina for her note : Victor owes $6500 to Virginia. The loan is payable in one year at 6% interest. Virginia needs cash to pay medical bills,so four months before the loan is due,she sells the note (loan) to the bank. If the bank wants a return of 9% on its investment,ho..

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