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Rex Keller would like to invest in a $100,000 face value note payable. The note...

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Accounting

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Rex Keller would like to invest in a $100,000 face value note payable. The note has a 3-year term and pays 9% annual interest, at the end of each year. Interest is compounded annually (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuityf an Annuity Due table.) Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) Read the requirements Click the icon to view the Present Value Requirement a. What would he pay for the note if he wanted the note to yield 9%. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.) Rex would pay $ 1 if he wanted the note to yield 9%

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