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Exercise 5 - 9 ( Algo ) Noninterest - bearing note; single payment ( LO 5 - 5 ) Lights, Camera, and More sells filmmaking

Exercise 5-9(Algo) Noninterest-bearing note; single payment (LO 5-5)
Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay onehalf down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year. George is considering buying equipment from Lights, Camera, and More for $115,000 and therefore has the following payment options:
\table[[,\table[[Payment],[Today]],\table[[Payment in One],[Year]],\table[[Total],[Payment]]],[Option 1,$115,000,$0,$115,000
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