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Islamic banking is being introduced in Oman, such that no interest is given on the promissory notes. Compute the present value on the date of

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Islamic banking is being introduced in Oman, such that no interest is given on the promissory notes. Compute the present value on the date of issue of a non-interest-bearing, worth $850 000, three-month promissory note dated September 1, 2013 (plus 3 days of grace), if money is worth 12.5% in Oman. Select one: O A. $824 311 B. $877 363 C. $26 510 O D. $823 490 E. $847 272

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