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?
15 years ago 1
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