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A 10-year note for $1200, bearing interest at 6% compounded monthly, is discounted at 8% compunded quarterly 3 years, 10 months after the date of issue. Find the proceeds of the note.

 

Any help would be great thanks, need steps

 Nov 14, 2015
 #1
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To the questioner:please post ONE question at a time and wait until it is answered to your satifaction, then post the next question.....etc. Otherwise you will swamp the staff and other helpers and will ignore you completely. I know how to solve ALL your problems posted but have a major handicap: I cannot type and would take me between 1/2-1 hour just to answer one question!!. It took me 10-15 minutes just to type this brief blurb!.

 Nov 14, 2015
 #2
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My apologies was not sure how this operated.

 Nov 14, 2015
 #3
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Thanks Guest, you are right, people need to thoughtful about there questioning requests.

 

I do want to point out though tat there are no STAFF on here.

 

Staff implies that people get paid.  NO ANSWERER here receives any renumeration whatsoever. !!

 

All answerers are generous people who give their time and share their expertise freely.      laugh

 Nov 14, 2015
 #4
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NeedSupply,

You have posted a lot of questions now and many have been answered.

Please show us what you can do yourself on the rest of your questions and we can help with the bits that you get stuck on.

There must be some bits that you can do from every questions.  Even if you get what you do wrong it will give us a better idea on how we can help you.  laugh

 Nov 14, 2015

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