Question: Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer

Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company

Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 6%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Crane? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received 53,032.94

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