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what are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?
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what are the differences between a simple interest note and a simple discount note? which type of note would have a higher effective rate of interest? why?

User Shufler
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A discounted note pays interest up front, so its effective rate will be higher than a simple interest note with the same rate
User Paw Baltzersen
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