What were the proceeds of the note

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Question - A six month promissory note dated June 30, 2021 for $2,900 bears interest at 13.5% p.a. What were the proceeds of the note if it was discounted at 9.75% on September 1, 2021?

Reference no: EM133063875

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What were the proceeds of the note : Question - A six month promissory note dated June 30, 2021 for $2,900 bears interest at 13.5% p.a. What were the proceeds of the note
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