Ogallah Corporation wants to raise$100,000 using a 10 year noninterest bearing note,
What would be the face value of the note if the market interest rate for Ogallah at the
time they signed the note was 6% compounded annually? What is the interest incurred
on the note for the first two years of the note's life?

Question

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The Answer of Ogallah Corporation wants to raise$100,000 using a 10 year noninterest bearing note,
What would be the face value of the note if the market interest rate for Ogallah at the
time they signed the note was 6% compounded annually? What is the interest incurred
on the note for the first two years of the note's life?

Ogallah Corporation Wants to Raise$100,000 Using a 10 Year Noninterest