The bank subtracts the discount from the note

The bank subtracts the discount from the note - Maturity...

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The bank subtracts the discount from the note's maturity value and pays the company  $4,921.92 for the note.
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Unformatted text preview: Maturity Value $5,110.96 Discount (189.04) Discounted Value of Note $4,921.92...
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