Compute the present value of a $ 20,000, one- year note payable that specifies no interest, although

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Compute the present value of a $ 20,000, one- year note payable that specifies no interest, although 10% would be a realistic rate. What is the true amount of the principal and interest?
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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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