Question: On February 1 , Sheffield Enterprises issues a $ 6 6 0 0 0 six - month note payable to MBO bank. It is a

On February 1, Sheffield Enterprises issues a $66000 six-month note payable to MBO bank. It is a zero-interest-bearing note and the
bank's discount rate is 5%. How much interest expense is recognized upon maturity?
$1610
$1650
$3300
None, this is a zero-interest bearing note.
On February 1, Sheffield Enterprises issues a $66000 six-month note payable

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