Multiple Choice
Fudge Ltd.receives a four-year, $100,000 zero-interest bearing note.The present value of this note is $65,873.10.Interest income to be recognized for calendar 2014 will be
A) $11,797.06.
B) $ 8,712.62.
C) $ 8,043.11.
D) $ 7,246.04.
Correct Answer:
Verified
Correct Answer:
Verified
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