Question: need help with this a. By using your own words, describe what is promissory notes. (2m) RM1800 20 January 1995 Three months after date I

need help with this

a. By using your own words, describe what is promissory notes. (2m) RM1800 20 January 1995 Three months after date I promise to pay to the order of Shukor bin Ahmad Ringgit Malaysia: One thousand eight hundred only for value received with interest at the rate of 15% per annum until paid No 14 Due: 20 April 1995 Zainuddin b. In the promissory note above i. Who is the payee? ii. Who is the maker of the note? iii. Calculate the maturity value of the note. (4m) c. Alisher needs RM 2000 now. Determine the amount that he should borrow for 120 days from a bank that charges 8% discount. (4m)

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