On January YR Toyota Co issued a twoyear $ note payable. The note bears interest of paid yearly
each December st In addition, the principal amount will be paid back in two installments as follows: $ will be paid
back with the interest payment on December YR and $ will be paid back with the interest payment on December
YR At the date the note was issued, the market rate for similar notes payable was
What is the present value of the note payable at the issue date of January YRassume an annual discounting period
and round your final answer to the nearest penny
a $ b $ c $ d $ e None of the answers provided are correct
