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!
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Originally Posted by megers3 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".
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