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EXPLAIN DETAILED ANSWER ........ONTHER WISE WISE I WILL GIVE DISLIKE ... Present and future value tables of 1 at 11% are presented below. 1 2

EXPLAIN DETAILED ANSWER ........ONTHER WISE WISE I WILL GIVE DISLIKE ...

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Present and future value tables of 1 at 11% are presented below. 1 2 3 4 5 6 PV of $1 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 FV of $1 1.11000 1.23210 136763 151807 1.68506 1.87041 PVA of $1 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 FVA of $1 1.0000 2.1100 3.3421 4.7097 6.2278 7.9129 Spielberg Inc. signed a $150,000 noninterest-bearing note due in two years from a production company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception? $150,000 $133,500. $121,743 $166,500

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