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A promissory note is issued in the name of Mr. Julio Rosales with a maturity date of 08/15 for an amount of S/. 185,000, if
A promissory note is issued in the name of Mr. Julio Rosales with a maturity date of 08/15 for an amount of S/. 185,000, if the bank carries out discount operations at 18% annually and if Mr. Rosales wishes to discount the document on June 15, what is the value of the discount rate applied to the promissory note.
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To calculate the discount rate applied to the promissory note you can use the formula for discountin...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
