Answered: Find the proceeds of a…

Find the proceeds of a non-interest-bearing promissory note for $7963.78 discounted 52 months before its due date at 7.8 % compounded semi dash annually. The proceeds are $nothing

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1PA: On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10%...

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Question

100%

Find the proceeds of a non-interest-bearing
promissory note for
$7963.78
discounted
52
months before its due date at
7.8 %
compounded semi dash annually.
The proceeds are
$nothing

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