On July 1, 2021, Pancho Villa Enterprises (PVE) acquired equipment. PVE paid $210,000 in cash on July 1, 2021, and signed a $840,000 noninterest-bearing note for the remaining balance which is due on July 1.2022. An interest rate of 7% reflects the time value of money for this type of loan agreement. (PV of $1. PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will PVE record the purchase of equipment? Multiple Choice $895,047 $1,050,000 $995,047 $987,429