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QUESTION
On March 15, 2012, Elvie issued a 6-month 8% promissory note amounting to P120,000. 2 months thereafter, the holder discounted the note at 9.5% to...
On March 15, 2012, Elvie issued a 6-month 8% promissory note amounting to P120,000. 2 months thereafter, the holder discounted the note at 9.5% to the bank. Find the proceeds.
