Does a discounted note payable provide credit without interest?
justaguide Teacher College – Senior Editor Expert $(document).ready(function() { $(‘a.toggle_expert_titles’).click(function() { $(‘#show_expert_titles’).toggle(); return false; }); }); A discounted note payable provides credit to the person writing the note payable and there is no payment of interest per se. Instead, the amount the note payable is discounted by is the charge… (The entire answer is 120 words.) This is an expert answer, written by an eNotes editor. To read the entire answer, please join eNotes.
