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Anderson co. Issued a $50,000, 60-day, discounted note to national bank. The discount rate is 6%. At maturity, assuming a 360-day year, the borrower will pay.

Respuesta :

The discount rate is 6%. At maturity, assuming a 360-day year, the borrower will pay $43,258.

What will the amount the borrower pay?

Here the borrower will have to pay the par value at maturity which is $43,258 in this case. The investor, at the time of buying the discounted note will pay an amount equal to Par value - discount.

The borrower will receive an amount less than $43,258 on issue of discounted note but will have to pay the full amount on maturity.

Learn more about discount rate, refer to the link:

https://brainly.com/question/19263859

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