Multiple Choice
A five-year, non-interest-bearing, $5,000 note, dated January 1, 2010, has a present value of $3,917. The market rate of interest is 5%. Interest expense for the period ending December 31, 2010, is
A) $392.
B) $196.
C) $250.
D) $217.
Correct Answer:
Verified
Correct Answer:
Verified
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