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4) What are the proceeds of a P5,500 bank discount note that is payable at the end of 6 months, but discounted after 5 months,
4) What are the proceeds of a P5,500 bank discount note that is payable at the end of 6 months, but discounted after 5 months, at a 15% discount interest rate?
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
