Name Time value of money assignment (10 points) ACCT 312: Spring 2020 (do calculations on this page; record journal entries on answer sheet attached) Zero interest note (1 point each): On January 1, Investor acquired a 7 year, $600,000 zero-interest note from Borrower. "The yield (market interest rate) at the time of issuance was 12%, compounded annually. For Investor 1. Record the journal necessary on January 1. 2. Record the journal entry necessary on December 31. (Assuming no additional entries were made since January 1) For Borrower: 3. Record the journal necessary on January 1. 4. Record the journal necessary on December 31. (Assuming no additional entries were made since January 1) Name Time value of money assignment (10 points) ACCT 312: Spring 2020 (do calculations on this page; record journal entries on answer sheet attached) Zero interest note (1 point each): On January 1, Investor acquired a 7 year, $600,000 zero-interest note from Borrower. "The yield (market interest rate) at the time of issuance was 12%, compounded annually. For Investor 1. Record the journal necessary on January 1. 2. Record the journal entry necessary on December 31. (Assuming no additional entries were made since January 1) For Borrower: 3. Record the journal necessary on January 1. 4. Record the journal necessary on December 31. (Assuming no additional entries were made since January 1)