For an interest-bearing promissory notes, compute the sale proceeds, when the issue amount is $18,200, te monthly, the date of sale before maturity is 1.7 years with a discount rate 15% compounded quarterly. Select one: O a. 21634.97 Ob. 21642.76 Oc. 21580.47 C. O d. none
For an interest-bearing promissory notes, compute the sale proceeds, when the issue amount is $18,200, te monthly, the date of sale before maturity is 1.7 years with a discount rate 15% compounded quarterly. Select one: O a. 21634.97 Ob. 21642.76 Oc. 21580.47 C. O d. none
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 27E
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![For an interest-bearing promissory notes, compute the sale proceeds, when the issue amount is $18,200, term of the note is 4 1/2 years with interest rate 9.45% compounded
monthly, the date of sale before maturity is 1.7 years with a discount rate 15% compounded quarterly.
Select one:
O a. 21634.97
Ob. 21642.76
O c. 21580.47
d. none](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5add1d1-10bb-4c46-b882-ee161a280c97%2F7dea25c9-a83e-4fee-ac70-fcaaf0458493%2Fjo9d3fm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For an interest-bearing promissory notes, compute the sale proceeds, when the issue amount is $18,200, term of the note is 4 1/2 years with interest rate 9.45% compounded
monthly, the date of sale before maturity is 1.7 years with a discount rate 15% compounded quarterly.
Select one:
O a. 21634.97
Ob. 21642.76
O c. 21580.47
d. none
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