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15. DEF Company issued a 2-year, P100,000 face value note payable. Interest of 7% per annum is deducted in advance. The effective interest rate for
15. DEF Company issued a 2-year, P100,000 face value note payable. Interest of 7% per annum is deducted in advance. The effective interest rate for the discounted note is 7.8328%. The note was issued ...
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