Hi, please help with this Discounted note problem!

Thank you!

4. On January 1, 2018 a company purchased a new machine by signing a non-interest bearing note for $38,000, due at the end of four years. The implied rate of interest for similar financing arrangements is 6% compounded annually. Determine the carrying value of the note on Dec. 31, 2019, after the appropriate year end adjustment is made. (Round to the nearest dollar.) a. $34,656 b. $31,902 c. $19,000 d. $33,816 e. $18,385