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Use the Composition of Inverse Function Property to determine whether the functions given below are inverses.
Period of a Note
The duration of time from when a promissory note is issued until it is due for repayment.
Contract Date
The specific date on which a contract is signed or becomes enforceable.
Maturity Date
The final payment date of a loan or financial instrument, at which point the principal (and all remaining interest) must be paid.
Notes Receivable
Claims against others, recorded by an entity, that are evidenced by promissory notes, indicating the others’ promises to pay specified amounts at predetermined dates.
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