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    Business
  3. Study Set
    Practical Business Math Procedures Study Set 2
  4. Exam
    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
  5. Question
    A Simple Discount Note Results in a Higher Interest Rate
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A Simple Discount Note Results in a Higher Interest Rate

Question 17

Question 17

True/False

A simple discount note results in a higher interest rate (effective rate)than a simple interest note.

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