Notes payable-discount basis


Question Description:

20

Notes payable-discount basis 1 answer below ยป Calculate the discount rate used by the lender. On August 1, 2013, Colombo Co.’s treasurer signed a note promising to pay $120,000 on December 31, 2013. The proceeds of the note were
$114,000. Dec 11 2013 01:30 AM

Answer

20