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Compute the accrued interest at the date of discounting

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Reference no: EM133134833

Question - On January 28, 2020, Zian's Company accepted 11% P1,700,000, 63 days notes from a customer. On March 7, 2020, the note was discounted at 13%.

Required -

1. Compute the accrued interest at the date of discounting.

2. Compute the loss on discounting.

Reference no: EM133134833

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