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Market interest rate for type of transaction

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On January 1, 2020, Company A issued a Non-interest bearing note payable of P 5,000,000 in ten semi-annual installments every June 30 and December 31 starting June 30, 2020. The market interest rate for this type of transaction is 12%.

Required: (in every item) (if possible, include an amortization table)

1. Present Value/Carrying Value Beginning

2. Carrying Value, December 31, 2022

Reference no: EM133266620

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