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On January 1, 2020, I'm in Staple Relationship buys an industrial stapler for $2,100, . The supplier agrees to accept a payment a 3 year
On January 1, 2020, I'm in Staple Relationship buys an industrial stapler for $2,100, . The supplier agrees to accept a payment a 3 year note payable with three equal payments of 798 per year. The market rate 11% per year for short- term loans lasting less than one year and 14% for long-term loans lasting longer than year. at what amount will the note be recorded by the Company ?
None of the other options ?
2100. ?
2900. ?
1853. ?
1950. ?
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