This preview shows page 1. Sign up to view the full content.
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...
View Full Document
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.
- Fall '10