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Ivanhoe Inc. provided several entertainment services to Pronghorn Corp in the past. On Jan 1, 2023, when the receivable for the past services was due, Pronghorn was unable to pay the outstanding balance. Ivanhoe agreed to accept a $450,000 non-interest bearing note payable on Dec 31, 2024. Pronghorn typically could arrange this kind of financing at an interest rate of 15%.

Use 1. PV Tables

Use 2. Financial calculator

Use 3. Excel functions

To arrive at the amount to record the note receivable.

The steps to complete the for all three is more important to me than the answer itself.

Reference no: EM133266706

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