The note may lack the essential requisites of being a negotiable instrument, that is why it is dishonored. And also if the consent of on of the parties is not clear or they have no meeting of minds when executing such promissory note then it can be dishonored because of its substantial insufficiency of the reason to give its consent.
Answer:
Ans. the net present value is exactly $50,602, so it is closer to b) $50,504
Explanation:
Hi, to find the net present value of this problem, we have to use the following formula.

Therefore

So the answer is b) $50,504
Best of luck