Promissory Note Discount Calculator
Calculate net cash payout and prepaid interest (discount fees) based on face value, rates, and remaining days
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Determine commercial note payout values. Computes exact days left and prepaid interest deductions based on standard year count conventions.
How to use
- Enter the note's face value and the annual discount rate (%).
- Set the issue date and maturity date of the promissory note.
- Choose calculation start date (Issue, Today, or Custom) and year basis (365 or 360 days) to view the net payout.
FAQ
- Why choose between 365 and 360 days basis?
- Standard banks use a 365-day year, while commercial paper markets or private lenders often assume a 360-day year for historical convenience, which yields slightly higher daily interest.