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18-06-2020
Business

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Morgan Co. signs a $50,000 noninterest-bearing 5-year note payable for goods purchased from Xelco Industries. The appropriate rate of interest for this type of note is 10%. At the time the note is signed, what is the present value of the note on Morgan's records

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notnemm notnemm

21-06-2020

Answer:

$31,046

Explanation:

You take the $50,000 and divide it by 1.10^5 = $31,046

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