Listen A 7 year. $4,500 promissory note bearing interest at 6% compounded monthly was sold after 2 years. The buyer want
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Listen A 7 year. $4,500 promissory note bearing interest at 6% compounded monthly was sold after 2 years. The buyer want
Listen A 7 year. $4,500 promissory note bearing interest at 6% compounded monthly was sold after 2 years. The buyer wanted a return of 5% compounded quarterly. What was the selling price of the note? Your Answer:
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