a promissory note for 40000 rubles is discounted 50000 rubles by a bank using a simple discount
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a promissory note for 40000 rubles is discounted 50000 rubles by a bank using a simple discount rate 90 days before maturity. determine the annual accounting interest rate at a time bases of 360 days per year
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Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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