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The Maturity Value of a Promissory Note Due on Sept

Question 18

Multiple Choice

The maturity value of a promissory note due on Sept.14,2010 is $6200.What are the proceeds of the note using the practical (approximate) method on Jun.2,2007 if j2 = 10%?


A) $4454.51
B) $4498.36
C) $4502.80
D) $4760.25

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