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[See Steps] John had a note that would pay him $1000 plus 10% interest compounded quarterly at the end of five years. He sold the note two years before

Question: John had a note that would pay him $1000 plus 10% interest compounded quarterly at the end of five years. He sold the note two years before it was due at 9% compounded monthly. What proceeds did he receive? (6marks)

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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