Question
January 29, 2020 I, the undersigned, promises to pay in ninety (90) days after the date above the amount of One hundred twenty thousand pesos
January 29, 2020 I, the undersigned, promises to pay in ninety (90) days after the date above the amount of One hundred twenty thousand pesos (Php120,000), with 4.5% simple interest to Banco De Islas (BDI) as down payment for the vehicle. I agree to use the Banker's rule in the computation of my loan's time period. Pao U. Tang
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) Maturity Value: _______________________
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