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What is the face value of the note

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Reference no: EM132890396

You need $360,000 (proceeds). The bank will give you a 5 % discount rate on a 180 day note.

What is the face value (maturity value) of the note? __________________

What is the effective interest rate of the note - answer to 1 decimal point? _____________

Reference no: EM132890396

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