Question
12. September 18, 2019 One hundred twenty (120) days after the above date, the undersigned promises to pay Mr. Vigay Koh the amount of two
12. September 18, 2019 One hundred twenty (120) days after the above date, the undersigned promises to pay Mr. Vigay Koh the amount of two hundred fifty thousand pesos (Php 250,000), at 6% discount rate to serve as down-payment and reservation for the pre-selling of a (Php4.5 Million) condominium unit. I agree to use the Banker's rule in the computation of my loan's time period. Aynie D. Many Given the above note, identify the following: a) Drawer: ____________________________ b) Drawee: ____________________________ c) Type of Note: ________________________ d) Term of Loan / Discount: _______________ e) Interest/Discount Rate: ________________ f) Maturity Date: _______________________ g) Face Value: __________________________ h) Proceeds: ___________________________
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