A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?
A non-interest-bearing note is a bond which pays no coupons, sold at a deep discount to its face value, and matures at its face value. A non-interest-bearing note has the important advantage of being ...
he proceeds from non-interest bearing note is calculated. An explanation of non-interest bearing notes is included.