A five-year promissory note with a face value of $3500, bearing intere – McqOptions

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1.	A five-year promissory note with a face value of $3500, bearing interest at 11%Â compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note
A.	4336.93
B.	5336
C.	6336
D.	7336
Answer» B. 5336

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