Maturity Value - with discounting the note. In this...

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Maturity Value $5,110.96 Discount (63.01) Discounted Value of Note $5,047.95 The company subtracts the discounted value of the note from the note's face value plus the interest  revenue the company has earned from the note to determine the interest expense, if any, associated 
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Unformatted text preview: with discounting the note. In this example, the interest expense equals $26.02. Note's Face Value + Interest Revenue Earned $5,073.97 Discounted Value of Note (5,047.95) Interest Expense $ 26.02...
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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