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Find the value paid by investor

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On March 1, 1995, a promissory note was signed for $ 40,000.00 with a maturity of 4 years, at a simple interest of 12%. On September 1, 1996, it is negotiated with an investor who receives a nominal 14%, with semi-annual capitalization; find the value paid by investor.

Reference no: EM132478373

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