The Lexington Property Development company has a $10,000 note receivable from a customer due in three years. How much is…
The Lexington Property Development company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is a. 9%? b. 12% compounded monthly? C. 8% compounded quarterly? d. 18% compounded monthly? e. 7% compounded continuously?
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