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Bear Co has a customer that signs a noninterest - bearing note, promising to pay the company $ 1 1 9 , 1 0 1

Bear Co has a customer that signs a noninterest-bearing note, promising to pay the company $119,101 in three years. The payment amount is based on an annual interest rate of 6%, which the company believes is appropriate, resulting in the present value of the note of $119,101\times 0.83962= $100,000. The present value of an annuity due is $119,101/2.83339= $42,035.
How did they calculate the answers for the present value of the note ($100,000) and the present value of the annuity due($42,035)?

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