To help a company finance the construction of a building, the government provides $132,000 cash,...

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Accounting

To help a company finance the construction of a building, the government provides $132,000 cash, in exchange for a $132,000, fiveyear, zero-interest-bearing note at face value when the market rate of interest is 10%.
Click here to view the factor table PRESENT VALUE OF 1.
Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.
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