tbowlby2696 tbowlby2696

15-02-2024
Business

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Question 10: A five-year $39,000 promissory note bearing interest at 6% compounded monthly (i_(12)) was sold after two years and three months. Calculate the sale price using a discount rate of 10%. What is the sale price?A) $35,000
B) $37,000
C) $38,000
D) $40,000

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