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  • CGS ActforAdditionalPoints

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    xander clyde cagas
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    This document contains details of 5 different notes including their date of issue, terms, interest rate, face value, interest amount, maturity value, maturity date, date of discounting, discount period, discount rate, discount amount, proceeds from discounting, accrued interest on discount rate, carrying amount on discount date, and gain/loss on discounting. The notes have terms ranging from 60 to 180 days, interest rates ranging from 10% to 15%, and face values ranging from $100,000 to $500,000. Discounting of the notes resulted in proceeds and accrued interest, with some notes realizing a small gain or loss.

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    CGS_ActforAdditionalPoints

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    This document contains details of 5 different notes including their date of issue, terms, interest rate, face value, interest amount, maturity value, maturity date, date of discounting, discount period, discount rate, discount amount, proceeds from discounting, accrued interest on discount rate, carrying amount on discount date, and gain/loss on discounting. The notes have terms ranging from 60 to 180 days, interest rates ranging from 10% to 15%, and face values ranging from $100,000 to $500,000. Discounting of the notes resulted in proceeds and accrued interest, with some notes realizing a small gain or loss.

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    © All Rights Reserved
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    6 views1 page

    CGS ActforAdditionalPoints

    Uploaded by

    xander clyde cagas
    This document contains details of 5 different notes including their date of issue, terms, interest rate, face value, interest amount, maturity value, maturity date, date of discounting, discount period, discount rate, discount amount, proceeds from discounting, accrued interest on discount rate, carrying amount on discount date, and gain/loss on discounting. The notes have terms ranging from 60 to 180 days, interest rates ranging from 10% to 15%, and face values ranging from $100,000 to $500,000. Discounting of the notes resulted in proceeds and accrued interest, with some notes realizing a small gain or loss.

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    © All Rights Reserved
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    of 1

    CASE 1 CASE 2 CASE 3 CASE 4 CASE 5

    Date of Note 15/03/2021 12/05/2021 11/07/2021 12/08/2021 20/10/2021


    Terms in Days 60 days 90 days 150 days 180 days 150 days
    Interest Rate 12% 10% 12.50% 11% 15%
    Face Value 100,000.00 150,000.00 250,000.00 300,000.00 500,000.00
    Interest Rate 2,000.00 3,750.00 13,020.88 16,500.00 31,250.00
    Maturity Value 102,000.00 153,750.00 263,020.88 316,500.00 531,250.00
    Maturity Date 12-May-21 10-Aug-21 08-Dec-21 08-Feb-22 19-Mar-22
    Date of Discounting 12-Apr-21 02-Jul-21 20-Sep-21 01-Dec-21 02-Jan-22
    Discount Period 32 39 79 69 75
    Discount Rate 14% 12% 15% 13% 18%
    Discount 1,269.33 1,998.75 8,657.77 7,886.11 19,921.88
    Proceeds 103,731.00 151,751.00 254,363.06 308,613.88 511,328.13
    Accrued Interest on Discount Rate 933.33 2,125.00 6,163.19 10,175.00 15,625.00
    Carrying Amount of Notes on Discount Date 100,933.00 152,125.00 256,163.19 310,175.00 515,625.00
    Gain (Loss) on Discounting -206.67 -373.75 -1,800.13 -1,561.12 -4,296.88

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