On January 1, a 6-Year, $5,000, Non-Interest-Bearing Note Payable Was

question 55

Multiple Choice

On January 1, a 6-year, $5,000, non-interest-bearing note payable was issued when the market rate of interest was 8%. The present value of the note is

• A)$3,151.
• B)$2,080.
• C)$865.
• D)$5,000.

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Definitions:

ICD-10-CM General Note

Guidelines and instructions provided within the International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM) coding manual, assisting in the appropriate selection of codes for diagnoses.

Inclusion Notes

Documentation or observations included in a study or report that specify criteria under which observations are recorded or subjects are included.

Instructional Notes

Guidelines or annotations provided in textbooks or manuals aimed at clarifying or specifying the use of information or procedures.