On August 1, 2013, a company borrowed $750,000 on a 2 year, 5.0% note payable, with principal due at the end of the term and interest paid annually on the anniversary date of the note. What would be the total current liability associated with this note on December 31, 2013?

Answer rating: 100% (QA)

Using the formula PV FV 1 rn Where PV Present Value FV Fu... View the full answer