Question: Given: 3-year, $100,000, 5% note, yield 10%. Accepted for services on 1/1/01. Interest paid each 12/31. a. CV on 12/31/01 ($91,322.88) b. Discount balance on

Given: 3-year, $100,000, 5% note, yield 10%. Accepted for services on 1/1/01. Interest paid each 12/31.

a. CV on 12/31/01 ($91,322.88)

b. Discount balance on 12/31/02 ($4,554.84)

c. 2003 interest revenue ($9,545.52)

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