Asked by
Matt Stephen Estorgio
on Nov 18, 2024
Verified
The amount of money a borrower receives from the lender is called the discount rate.
Discount Rate
The discount rate is the interest rate used in calculating the present value of future cash flows, often reflecting the risk and time value of money in investment appraisals.
- Comprehend how interest on notes payable is calculated and reported.
Verified Answer
FS
Learning Objectives
- Comprehend how interest on notes payable is calculated and reported.
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