LIMITS AND ADVANCED INTEREST (DISCOUNTED LOANS)

  • sharidas
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3 months 3 days ago #24594 by sharidas
Deal Colleagues, let's say the bank's customer has a REVOLVING CREDIT LINE approved for 10.000. He gets a DISCOUNTED LOAN for 10.000 where the interest is paid in advance, interest is 1.000, so the customer account is credited for 10.000 - 1.000 = 9.000.
How much should the LIMIT reflect as utilized? 

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