Solving Promissory Notes

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Uploaded by on Jun 16, 2010

How to solve promissory note questions using compound interest.

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Education

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Uploader Comments (camosunrob)

  • n is the number of compounding periods and i is the interest rate per period. For example, if you invest for 3 years at a rate of 8% compounded quarterly, n=12 and i=.02 (because you are working with quarters).

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  • are you on? how did you get the "n" and "i" ?

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