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Author Question: A five-year promissory note with a face value of $3500, bearing interest at 11% compounded ... (Read 318 times)

tatyanajohnson

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on: Jun 6, 2019

Question 1

Zara borrowed $4000 from Duca financial at an interest rate of 7% compounded semiannually. The loan is to be repaid in 3 equal payments in two years, three and five years, respectively. How much will be each payment?

Question 2

A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly. What amount was paid for the note?
◦ $4251.71
◦ $5978.51
◦ $6021.50
◦ $4336.93
◦ $3500
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by tatyanajohnson on Jun 6, 2019

mammy1697

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tatyanajohnson

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Reply #2 on: Jun 6, 2019
TY


mammy1697

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Reply #3 on: Jun 6, 2019
You're welcome


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