X borrows money from the bank by signing a non-interest-bearing $1,000 note payable due at the end of one year. The going rate of interest for notes of this type is 9 percent.
How much cash did X receive? $_______________________.

Question

Quizplus · Accepted Answer

The Answer of X borrows money from the bank by signing a non-interest-bearing $1,000 note payable due at the end of one year. The going rate of interest for notes of this type is 9 percent.
How much cash did X receive? $_______________________.

X Borrows Money from the Bank by Signing a Non-Interest-Bearing