Results 1 to 2 of 2

Math Help - term for face value - discount

  1. #1
    Newbie
    Joined
    Mar 2010
    Posts
    1

    term for face value - discount

    Tom Greene signed a note for $5,000 that was to run 6 months. The bank gave him $4,800.

    What is the $4,800 called?


    Is the $4,800 called a discounted loan or maturity value? I'm stuck!

    Thanks!
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,102
    Thanks
    68
    Quote Originally Posted by megers3 View Post
    Tom Greene signed a note for $5,000 that was to run 6 months. The bank gave him $4,800.
    What is the $4,800 called?
    Is the $4,800 called a discounted loan or maturity value? I'm stuck!
    Probably called "loan proceeds".
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 1
    Last Post: February 19th 2011, 11:21 AM
  2. Force on one face of a right triangle
    Posted in the Calculus Forum
    Replies: 2
    Last Post: December 18th 2010, 06:41 AM
  3. 3 - face colorable
    Posted in the Discrete Math Forum
    Replies: 0
    Last Post: November 27th 2010, 04:48 PM
  4. Power series, term-by-term integration
    Posted in the Calculus Forum
    Replies: 3
    Last Post: April 8th 2010, 02:14 AM
  5. [SOLVED] Face Value Calculation
    Posted in the Business Math Forum
    Replies: 0
    Last Post: October 26th 2007, 07:57 PM

Search Tags


/mathhelpforum @mathhelpforum