On January 1, a 6-year, $5,000, non-interest-bearing note payable was issued when the market rate of interest was 8%. The present value of the note is
a. $3,151.
b. $2,080.
c. $865.
d. $5,000.

Question

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The Answer of On January 1, a 6-year, $5,000, non-interest-bearing note payable was issued when the market rate of interest was 8%. The present value of the note is
a. $3,151.
b. $2,080.
c. $865.
d. $5,000.

On January 1, a 6-Year, $5,000, Non-Interest-Bearing Note Payable Was