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QUESTION
A 4 year, $75,000.00 promissory note bearing interest at 4. is discounted 10 months after issue to earn 4. Determine the proceeds and the discount...
A 4 year, $75,000.00 promissory note bearing interest at 4.9% p.a. is discounted 10 months after issue to earn 4.2% p.a. Determine the proceeds and the discount amount . it is essential to draw a properly labelled timeline and show all your work.
