Question 8 3.33 points Save Answer On January 1, 2018, Tustumena Company purchased a used tractor. Tustumena paid $4.000 down and signed a noninterest-bearing note roquiring $20,000 to be paid on December 31, 2020. The fair value of the tractor is not determinablc. An interest rate of 5% properly reflects the time value of money for this type of loan agreement. The company's fiscal year-end is December 31. Question The value of the tractor purchased would be: $24,000 $21.277 $16.000 $20.732