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How much should a buyer pay now for the note

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Reference no: EM133055566

Question - Danny Marquez owns a note for 10,000 due in 3 years and 9 months. How much should a buyer pay now for the note with an interest of 3% every three months.

a. 8,291.85

b. 8295.76

c. 8,939.73

d. 8,299.93

Reference no: EM133055566

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