In discounting an interest-bearing note receivable, why is the discount figured on the maturity value of the

Question:

In discounting an interest-bearing note receivable, why is the discount figured on the value of the note?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...