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A 60-Day Non-Interest-Bearing Promissory Note for $10 000 Is Dated

Question 53

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A 60-day non-interest-bearing promissory note for $10 000 is dated June 1, 2013. Compute the present value of the note on June 14, 2013, if money is worth 5%.

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There are 63 days until the le...

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