A six-year 5300 promissory note is agreed upon on february, Ask an Expert

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A six-year $5300 promissory note is agreed upon on February 12th, 2014, accruing an rate of 7.9% compounded semi-annually. The owner of the note sells it to a buyer on March 3rd, 2017 for an amount that will grant the buyer a rate of 8.5% compounded quarterly. What should be the selling price of the note?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742911

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