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A Face value of a note BD1,900 matures after 120 days sold to a bank at 4% annually simple interest rate, 0.5% commission and 0.1%
A Face value of a note BD1,900 matures after 120 days sold to a bank at 4% annually simple interest rate, 0.5% commission and 0.1% collection charge. The correct value of the present value of that note is:
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
