Question: On December 3 1 , 2 0 2 5 , Sunland Company signed a $ 1 , 0 2 2 , 0 0 0
On December Sunland Company signed a $ note to Coronado Bank. The market interest rate at that time was The stated interest rate on the note was payable annually. The note matures in years. Unfortunately, because of lower sales, Sunland's financial situation worsened. On December Coronado Bank determined that it was probable that the company would pay back only $ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $ loan.
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Determine the amount of cash Sunland received from the loan on December Round present value factors to decimal places, eg and final answer to decimal places, eg
Amount of cash Sunland received from the loan
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