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  3. present value. a promissory note will pay $40,000

Present value. A promissory note will pay $40,000 at maturity 10 years from now. How...

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Calculus

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Present value. A promissory note will pay $40,000 at maturity 10 years from now. How much should you be willing to pay for the note now if money is worth 3.5% compounded continuously?

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