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Consider a debt of 5 0 , 0 0 0 . The borrower issues a promissory note for the given amount and undertakes to pay
Consider a debt of The borrower issues a promissory note for the given amount and undertakes to pay it in one year. At maturity of the bill, an interest of pa will be paid. How much would the owner of the note receive if he sold it months after the issue at a discount rate of pa
Consider a debt of The borrower issues a promissory note for the given amount and undertakes to pay it in one year. At maturity of the bill, an interest of pa will be paid. How much would the owner of the note receive if he sold it months after the issue at a discount rate of pa
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