Solution-Is the amount of cash received upon making these

Is the amount of cash received upon making these two loans

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Will the effective rate of interest be the same on a $10,000 face value, 6 percent interest bearing note and a $10,000 face value, 6 percent discount note? Is the amount of cash received upon making these two loans the same? Why or why not?

Reference no: EM13926021

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Is the amount of cash received upon making these two loans

Reference no: EM13926021

Reference no: EM13926021

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