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The effective rate on the loan after considering the direct origination cost and origination fee received is 12%. What is the carrying value of the
The effective rate on the loan after considering the direct origination cost and origination fee received is 12%. What is the carrying value of the loan receivable on January 1,2020 ? On December 30,2019 , Independence C0. sold a machine to Freedom Co. in exIndependencee for a noninterest-bearing note requiring ten annual payments of P10,000. Freedom made the first payment on December 30,2019 . The market interest rate for similar notes at date of issuance was 8%. Information on present value
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