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i need help 1. Simple discount note Amount bank charges in the discounting process 2. Line of credit Rate bank charges in the discounting process
i need help
1. Simple discount note Amount bank charges in the discounting process 2. Line of credit Rate bank charges in the discounting process Number of days bank will wait for its money in the discount 3. Maturity value process 4. Proceeds True rate of interest 5. Face value The principal 6. Promissory note Maturity value greater than original note 7. Bank discount Ability to borrow quickly 8. Effective rate Signs the note 9. Bank discount rate Due date 10. Discount period Cash paid on due date 11. Interest-bearing note Maturity value minus bank discount 12. Maker A written promise 13. Maturity date Bank deducts interest in advance Step by Step Solution
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