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Crane Ltd. receives a $104000, zero-interest-bearing note. The present value of this note is $85561. If the implicit rate of interest is 5%, what is
Crane Ltd. receives a $104000, zero-interest-bearing note. The present value of this note is $85561. If the implicit rate of interest is 5%, what is the term of the note?
2.80
4.00
6.80
02.00
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Accounting Costing And Management
Authors: Riad Izhar, Janet Hontoir
2nd Edition
9780198328230
