Zero-interest bearing long-term note


The effective interest rate on a two-year, zero-interest bearing long-term note payable of $300,000, discounted at 10% is

a. 9.09%

b. 10%

c. 10.87%

d. 11.11%

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Zero-interest bearing long-term note
Reference No:- TGS053756

Expected delivery within 24 Hours