Spielberg inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. comparable borrowings have carried an 11% interest rate. what is the value of this debt at its inception?
a. $210,900b. $190,000c. $112,755d. $101,582

$100,890

Explanation:

To determine the value of the debt we must calculate the present value of the note:

present value = future value of the note / (1 + interest rate)⁵

present value = $170,000 / (1 + 11%)⁵ = $170,000 / 1.11⁵ = $170,000 / 1.685

present value = $100,890

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

agriculture and oil. natural resources, industry.