Question: If Walker Corporation issues a $1,000,000 three-year noninterest bearing note how much cash will it receive if the interest rate is 10 percent compounded semiannually?

If Walker Corporation issues a $1,000,000 three-year noninterest bearing note how much cash will it receive if the interest rate is 10 percent compounded semiannually?

Answer Choices:

a. $1,000,000 b. $564,474 c. $746,215 d.$751,315

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