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Ivanhoe Ltd. receives a 6-year, $86000, zero-interest-bearing note. The present value of this note is $72024. Assuming the note was issued on January 1, 2023,
Ivanhoe Ltd. receives a 6-year, $86000, zero-interest-bearing note. The present value of this note is $72024. Assuming the note was issued on January 1, 2023, and the effective interest method is used, the interest income to be recognized for calendar 2023 is $7879.43. O $2160.72. O $2580.00. O $5761.92.
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