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How much is the note receivable at year-end

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Question - On January 1, 2021, Whitney Company sold the following merchandise inventory: Buyer Mode of payment Celine Company 11% promissory note amounting to P75,000 payable every end of the year for three periods. Mariah Company Noninterest-bearing note amounting to P210,000 payable in 3 annual installments every end of the year. The effective rate is 9% and the entity uses 2 decimal places for the PVF. How much is the note receivable at year-end (round-off answer to the nearest peso amount)?

Reference no: EM133019624

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