Question: On May 1 , 2 0 2 6 , a company sells goods to a customer, accepting $ 1 , 5 0 0 immediate cash

On May 1,2026, a company sells goods to a customer, accepting $1,500
immediate cash payment and a 5-year, $15,000 note bearing 4% annual interest in
exchange for the goods. The market rate of interest for a note of similar risk is 6%.
On May 1 , 2 0 2 6 , a company sells goods to a

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