Answered: 10) The maturity value of a five-month…

10) The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What is the present value of the note on the date of issue if money is worth 6.3%?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...

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10) The maturity value of a five-month promissory note issued May 31, 2013, is $2134.00. What
is the present value of the note on the date of issue if money is worth 6.3%?

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