Question: Trader Trust accepts a $ 5 0 0 comma 0 0 0 $ 5 0 0 , 0 0 0 nonminus interest bearing 1 0

Trader Trust accepts a
$ 500 comma 000$500,000
nonminusinterest
bearing
1010minusyear
note from Coffee Co. in exchange for cash on1/1/2023. Coffee Co. promises to repay
$ 500 comma 000$500,000
at maturity. The market rate on1/1/2023 was
44%.
How much cash will Trader loan Coffee in exchange for this note?
Question content area bottom
Part 1
A.$ 337 comma 782
$ 337 comma 782$337,782
B.$ 341 comma 792
$ 341 comma 792$341,792
C.$ 20 comma 000
$ 20 comma 000$20,000
D.$ 500 comma 000
$ 500 comma 000

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