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QUESTION 9 An interest bearing promissory note for 90 days at 5.6 p.a. has a face value of $120,000. If the note is discounted 20

QUESTION 9 An interest bearing promissory note for 90 days at 5.6 p.a. has a face value of $120,000. If the note is discounted 20 days after the issue date at a rate of 73% pa. calculate the amount of discount

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