Jean borrows 1800 from sam for 8 years at 925 compounded
Jean borrows $1800 from Sam for 8 year(s) at 9.25% compounded quarterly. Then, 3 year(s) before maturity, Sam sells the note to Bill who discounts it based on 10.75% compounded monthly. How much did Bill pay Sam for the note?
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jean borrows 1800 from sam for 8 years at 925 compounded quarterly then 3 years before maturity sam sells the note to
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