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What would be the major product of the following reaction sequence?
Discount
A reduction from the usual cost of something, often applied to encourage sales or offered to certain groups.
Bonds Payable
Long-term liabilities represented by negotiable certificates, indicating a promise to pay a specified sum of money plus interest at defined intervals.
Straight-line
A method of calculating depreciation of an asset where the expense is evenly distributed over its useful life.
Effective-interest
A method of calculating the interest rate on a loan or financial product that takes into account compound interest and fees, providing a true annual rate.
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