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30:22 Hide Timer Question 22 20 View Policies Current Attempt in Progress -/1 On January 1, 2020, Ann Price loaned $226672 to Joe Kiger.
30:22 Hide Timer Question 22 20 View Policies Current Attempt in Progress -/1 On January 1, 2020, Ann Price loaned $226672 to Joe Kiger. A zero-interest-bearing note (face amount, $310000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 11%. The present value of $310000 at 11% for three years is $226672. What amount of interest income should Ms. Price recognize in 2020? $102300. $34100. $83650. $24934. Save for Later exc 6-10-16 2 F2 20 $ 54 #3 % 25 " MacBook Air ^ 6 76 &7 * 8 Scre 2018-12 PM 16 9 6 a " Attempts: 0 of 1 used Submit Answer 0 P QFESTPMES +
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