Caledonian Company receives a six-year, $50,000 note that bears interest at 8% (paid annually) from a customer

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Caledonian Company receives a six-year, $50,000 note that bears interest at 8% (paid annually) from a customer at a time when the market interest rate is 6%. What is the present value of the note received by Caledonian?

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Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Question Posted: Feb 27, 2017 03:44 AM

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Caledonian Company receives a six-year, $50,000 note that bears interest at 8% (paid annually) from a customer

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Intermediate Accounting

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