# If someone offered to give you a $500,000 noninterest-bearing note that was due 5 years from today

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## Question:

If someone offered to give you a $500,000 noninterest-bearing note that was due 5 years from today (you will receive only one $500,000 payment three years from today) how much would you loan them if you wanted to earn an 6% annual interest rate that is compounded semiannually?

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