On july 1, 2021, markwell company acquired equipment. markwell paid $175,000 in cash on july 1, 2021, and signed a $700,000 noninterest-bearing note for the remaining balance which is due on july 1, 2022. an interest rate of 5% reflects the time value of money for this type of loan agreement. (pv of $1, pva of $1) (use appropriate factor(s) from the tables provided.) for what amount will markwell record the purchase of equipment? multiple choice a. $834,048. b. $841,666. c. $741,666. d. $875,000.
