Interest on a note can be calculated without knowledge of the
A) fair value of the note
B) rate of interest
C) term of note
D) face amount

Name: Interest on a note can be calculated without knowledge of the A) fair value of the note B) rate of interest C) term of note D) face amount
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Question

Quizplus · Accepted Answer

Interest on a note is calculated using the rate of interest, term of the note, and face amount. The fair value of the note is not needed for this calculation.

Interest on a Note Can Be Calculated Without Knowledge of the