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with solution please On January 1, 2021, Apollo Company received a promissory note from Electron Corporation for goods sold with a face value of P200,000.00,
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On January 1, 2021, Apollo Company received a promissory note from Electron Corporation for goods sold with a face value of P200,000.00, a 3-year term at 12%, with interest payable at the end of each year. The effective rate was 10%. Table factor rates for three periods: Interest Rate 10% 12% Present Value of P1 0.751314801 0.711780248 Present Value of Ordinary Annuity of P1 2.486851991 2.401831268 How much is the present value of the note? O P150,262.96 O P209,947.41 O P200,000 OP159,684.45Step by Step Solution
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