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Myrcella received from a customer a one-year, P375,000 note bearing annual interest of 8%. After holding the note for six months, Myrcella discounted the note

Myrcella received from a customer a one-year, P375,000 note bearing annual interest of 8%. After holding the note for six months, Myrcella discounted the note at I-Bank at an effective interest rate o...

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