what happens when a bank charges discount, Financial Management

+44 141 628 6080
[email protected]

what happens when a bank charges discount

What happens when a bank charges discount interest on a loan?

While a bank charges discount interest on a loan the required interest payment is subtracted from the loan carries on at the time the loan is made. This creates the effective interest rate greater as compared to the stated rate.

Request for Solution File

Ask an Expert for Answer!!

Financial Management: what happens when a bank charges discount

Reference No:- TGS0276559

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Management

Q : banks like to make short-term self-liquidating

banks like to make short-term self-liquidating loans to businesses whybanks like to be capable to see where the funds are similarly to come from

Q : what are compensating balances and why do banks

what are compensating balances and why do banks require them from some customers under what circumstances would banks be most likely to impose

Q : describe how to analysis and evaluation of jvp 1

describe how to analysis and evaluation of jvp 1 elevated any cause producing right ventricular failure or in pericardial effusion and in

Q : ionic bondingan ionic bond or electrovalent

ionic bondingan ionic bond or electrovalent bond is a type of chemical bond that can often form among metal and non-metal ions or polyatomic ions

Q : what happens when a bank charges discount

what happens when a bank charges discount interest on a loanwhile a bank charges discount interest on a loan the required interest payment is

Q : what is trustworthy collateral from the lenders

what is trustworthy collateral from the lenders perspective explain whether accounts receivable and inventory are trustworthy collateralassets

Q : explain covalent bond a covalent bond is a form

explain covalent bond a covalent bond is a form of chemical bonding that is characterized by the sharing of pairs of electrons among atoms or among

Q : trade credit is free credit do you agree or

trade credit is free credit do you agree or disagree with this statement explainno the trade credit is not free it comprises a cost

Q : what are the pros and cons of commercial paper

what are the pros and cons of commercial paper relative to bank loans for a company seeking short-term financingcommercial paper is generally a

1935202

Questions
Asked

3,689

Active Tutors

1421079

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What when a counselor asks a client to pretend to interview

When a counselor asks a client to pretend to interview for a job, and the counselor pretends to be an employer,

What helps to be more professional

What I can do. Find out what makes you different. What helps to be more professional . What can I do well? What things do people value in me?

Competence and confidence when imagining or engaging

Question: Jarrett generally feels a sense of competence and confidence when imagining or engaging in communication.

Reviewing your cliftonstrengths themes

After reviewing your CliftonStrengths themes in-depth and exploring the various mission statements/purpose statements from this module,

Searching for articles relating to young people

You might be interested in searching for articles relating to young people and you are aware that this term has many related words

Areas mentioned specifically as wanting to join the eeu

Which of the following areas is mentioned specifically as wanting to join the EEU, even though the states they belong to may wish to be

How social determinants of health affect the physiological

Question: In general, how do the social determinants of health affect the physiological body? Question options