Business, 30.11.2019 05:31 schoolboyq3017

Spielberg inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. comparable borrowings have carried an 11% interest rate. what is the value of this debt at its inception?
a. $210,900b. $190,000c. $112,755d. $101,582

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Spielberg inc. signed a $170,000 noninterest-bearing note due in five years from a production compan...