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On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $530,000 and a discount rate

On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $530,000 and a discount rate of 8%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2018?(Round all calculations to the nearest whole dollar amount.)

Multiple Choice

$508,800.
$565,333.
$494,667.
$522,933.

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