A $5000 6-year, promissory note issued at a late of y% pla compounded annually for...
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Accounting
A $5000 6-year, promissory note issued at a late of y% pla compounded annually for 4 years is discounted for $5937. 50 one year before the due date at a rate of 10% pia, compounded quartery Find the value of y
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