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Exercise 5-9(Algo) Noninterest-bearing note; single payment (LO 5-5) Lights, Camera, and More sells...

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Accounting

Exercise 5-9(Algo) Noninterest-bearing note; single payment (LO 5-5)
Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay one-half down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year. George is considering buying equipment from Lights, Camera, and More for $90,000 and therefore has the following payment options:
\table[[,Payment,Payment in One,Total],[,Today,Year,Payment],[Option 1,$90,000,$,$90,00
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