Question: Crane Ltd. receives a $104000, zero-interest-bearing note. The present value of this note is $85561. If the implicit rate of interest is 5%, what is

Crane Ltd. receives a $104000, zero-interest-bearing note. The present value of this note is $85561. If the implicit rate of interest is 5%, what is the term of the note?

2.80

4.00

6.80

02.00

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