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6. When the due date of a note is stated in days, the time factor in computing interest is the number of months divided by
6. When the due date of a note is stated in days, the time factor in computing interest is the number of months divided by 365 days.
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
