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QUESTION
A company issued $100,000, 5 year, zero-interest-bearing note. The assumed implicit rate is 11% and the market rate is 11%. PV factor for 9 periods...
A company issued $100,000, 5 year, zero-interest-bearing note. The assumed implicit rate is 11% and the market rate is 11%. PV factor for 9 periods at 11% is 0.5934513.
Prepare the amortization schedule.
