[Solved] Spielberg Inc

Question 47
Multiple Choice

Spielberg Inc.signed a $200,000 noninterest-bearing note due in five years from a production company eager to do business.Comparable borrowings have carried an 11% interest rate.What is the value of this debt at its inception?

A)$200,000.
B)$178,000.
C)$118,690.
D)$222,000.

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