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Complete the Following for This Interest-Bearing Note That Is Discounted

question 55

Short Answer

Complete the following for this interest-bearing note that is discounted at 11%. (Use 360 days.)
 Rate of  Maturity  Date Note  Date Note  Discount  Principal  Interest  Time  Value  Made  Discounted  Period  Proceeds $50,00012%120 days  A  Apr 5 May 20 B  C \begin{array}{|l|l|l|l|l|l|l|l|} \hline& \text { Rate of } & & \text { Maturity } & \text { Date Note } & \text { Date Note } & \text { Discount } & \\\text { Principal } & \text { Interest } & \text { Time } & \text { Value } & \text { Made } & \text { Discounted } & \text { Period } & \text { Proceeds } \\\hline \$ 50,000 & 12 \% & 120 \text { days } & \text { A } & \text { Apr } 5 & \text { May } 20 & \text { B } & \text { C }\\\hline\end{array}


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