Aspenx19 Aspenx19
  • 07-01-2018
  • Business
contestada

what are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?

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david0420 david0420
  • 07-01-2018
A discounted note pays interest up front, so its effective rate will be higher than a simple interest note with the same rate
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