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  3. present and future values of $1 at 11% are present

Present and future values of $1 at 11% are presented below. \table[[,PV of...

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Accounting

Present and future values of $1 at 11% are presented below.
\table[[,PV of $1,FV of $1,PVA of $1,FVA of $1],[1,0.90090,1.11000,0.90090,1.0000],[2,0.81162,1.23210,1.71252,2.1100],[3,0.73119,1.36763,2.44371,3.3421],[4,0.65873,1.51807,3.10245,4.7097],[5,0.59345,1.68506,3.69590,6.2278],[6,0.53464,1.87041,4.23054,7.9129]]
Spielberg Incorporated signed a $200,000 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?
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