Question: Current Attempt in Progress On January 1 , 2 0 2 4 , Crane Company issued for cash a ( $ 1 ,

Current Attempt in Progress On January 1,2024, Crane Company issued for cash a \(\$ 1,130,000,3\)-year note bearing annual interest at \(8\%\) to Waterway, Inc. The market rate of interest for a note of similar risk is \(9\%\). What cash would have been recorded on the issue date of the note? (Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answer to 0 decimal places e.g.58,971.) Click here to view factor table.
Current Attempt in Progress On January 1 , 2 0 2

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