Factoring advancing enquiry

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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September 23, 2015 at 11:37 am #273218
Teo
Member
- Topics: 8
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Hi Sir,
May i ask regarding factor advancing,why do we reduce the interest rate of factor with overdraft interest as a cost?Thank you.
September 23, 2015 at 1:33 pm #273248
John Moffat
Keymaster
- Topics: 57
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I don’t!
There is more than one way of doing it (which give the same final answer), but I think the easiest way is they way I do it in my free lecture.
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