Explore BrainMass

Explore BrainMass

    Business Math : Non-interest Bearing Note

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?

    © BrainMass Inc. brainmass.com June 3, 2020, 5:11 pm ad1c9bdddf

    Solution Preview

    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 ...

    Solution Summary

    The proceeds from non-interest bearing note is calculated. An explanation of non-interest bearing notes is included.