Question: *ii. Zero-Interest-Bearing Notes* Example 2: On March 1, Landscape issues a $102,000, four-month, zero-interest-bearing note to Castle National Bank. The present value of the note

*ii. Zero-Interest-Bearing Notes*

Example 2: On March 1, Landscape issues a $102,000, four-month, zero-interest-bearing note to Castle National Bank. The present value of the note is $100,000.

1. March 1

2. June 30 (assume that an accounting period ends)

3. July 1 (at the maturity)

*Zero-Interest-Bearing Notes *

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