Tuesday, February 26, 2013
Pretermination rate
Ad Majorem.....Wealth Builders
Somebody asked me to sign the interest payment for a matured PN. The check was for PHP 9,000. The note matured on December 7, 2012. However, the owner of the note had a prepayment of PHP 50,000. So as per the PN, there was a pretermination and that calls for just 50% of interest payment. And the interest payment just have to be PHP4,500.00, not PHP 9,000.
Somebody asked me to sign the interest payment for a matured PN. The check was for PHP 9,000. The note matured on December 7, 2012. However, the owner of the note had a prepayment of PHP 50,000. So as per the PN, there was a pretermination and that calls for just 50% of interest payment. And the interest payment just have to be PHP4,500.00, not PHP 9,000.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment