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In calculating the bank discount when discounting an interest-bearing note, which one of the ...

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In calculating the bank discount when discounting an interest-bearing note, which one of the ...

In calculating the bank discount when discounting an interest-bearing note, which one of the following is not used in the calculation?

▸

Principal proceeds

▸

Maturity value

▸

Bank discount rate

▸

Discount period

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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