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    Practical Business Math Procedures Study Set 2
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    Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process
  5. Question
    Proceeds from Discounting an Interest-Bearing Note Is the Principal Minus
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Proceeds from Discounting an Interest-Bearing Note Is the Principal Minus

Question 74

Question 74

True/False

Proceeds from discounting an interest-bearing note is the principal minus the bank discount.

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