A five-year 200000 note bearing interest at 10 compounded
A five-year, $2000.00 note bearing interest at 10% compounded annually was discounted at 12% compounded semi-annually yielding proceeds of $1900.00. How many months before the due date was the note discounted?
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a five-year 200000 note bearing interest at 10 compounded annually was discounted at 12 compounded semi-annually
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