Berghaus Company receives a $75,000, 6-year note bearing interest of 8% (paid annually) from a customer at
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Berghaus Company receives a $75,000, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 9%. What is the present value of the note received by Berghaus Company?
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The present value of the note received by Berghaus Company is 6381297 This can be calcul...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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