Essay
Ogallah Corporation wants to raise$100,000 using a 10 year noninterest bearing note,
What would be the face value of the note if the market interest rate for Ogallah at the
time they signed the note was 6% compounded annually? What is the interest incurred
on the note for the first two years of the note's life?
Correct Answer:
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PV = $100,000,r = 6%,c = 1,n =...View Answer
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Correct Answer:
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