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If Walker Corporation Issues a $1,000,000 Three-Year Noninterest Bearing Note

Question 40

Multiple Choice

If Walker Corporation issues a $1,000,000 three-year noninterest bearing note how much cash will it receive if the interest rate is 10 percent compounded semiannually?


A) $1,000,000
B) $564,474
C) $746,215
D) $751,315

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