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Regarding zero-interest-bearing notes, any interest is never recognized until the note is repaid. the debtor receives the present value of the note and pays back

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Regarding zero-interest-bearing notes, any interest is never recognized until the note is repaid. the debtor receives the present value of the note and pays back the future value. the debtor receives the future value of the note and pays back the present value. they do not have an interest component

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