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TUTORIAL PROMIS 60 April 2008 100% Aznil received a 150-day promissory note with a face value of RM10000 dated 5 January 2007. The maturity value
TUTORIAL PROMIS 60 April 2008 100% Aznil received a 150-day promissory note with a face value of RM10000 dated 5 January 2007. The maturity value was RM10,375. He later discounted the note on 30 April 2007 at a discount rate of 7.6%. Find a) the maturity date of the note (4 June 2007) b) the interest rate of the note (9%) c) the proceeds received (RM10298.34) 7
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Becoming An Unstoppable Woman In Finance 29 Strategic Financial Experts
Authors: Hanna Olivas, Adriana Luna Carlos, Heather Stokes, Lisa Chastain, Jennifer Lara, Shannon Lavenia, Althia Lopez, Heather Jackson, Annette Morris, Rebecca Chandler
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