If a company wants to raise $40,000 using a 5 year noninterest bearing note,what would be the face value of the note if the market rate is 10% compounded annually? What is the interest incurred on the note in the first year of its life?

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The Answer of If a company wants to raise $40,000 using a 5 year noninterest bearing note,what would be the face value of the note if the market rate is 10% compounded annually? What is the interest incurred on the note in the first year of its life?

If a Company Wants to Raise $40,000 Using a 5