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Use ordinary interest: Principal Rate of Interest Time Maturity Value Date Note Made Date Note Discounted Discount Period Proceeds $153,000 12% 120 days A January

Use ordinary interest: Principal Rate of Interest Time Maturity Value Date Note Made Date Note Discounted Discount Period Proceeds $153,000 12% 120 days A January 5 April 2 B C Note to be discounted at 9% *This is a leap year

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