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On January 1st 2019, Kruger Corp. loaned Scary Co. $19,465 cash and accepted a $20,000 note receivable with a duration of 3 years. The note
On January 1st 2019, Kruger Corp. loaned Scary Co. $19,465 cash and accepted a $20,000 note receivable with a duration of 3 years. The note has a 5% stated interest rate, payable at the end of each year. The market rate for notes of similar risk is 6%. How much of the discount remains after interest revenue has been recorded for 2019? Round to the nearest dollar. $367 $168 $535 $19,633 $189
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