please give work note and explain

Question 10 View Policies Current Attempt in Progress Sunland Company receives a $69,100, 6-year note bearing interest of 12% ( paid annually) from a customer at a time when the discount rate is 12%. 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 Sunland? (Round answer to 2 decimal places, e.g. 25.25.) $ Present value of note received easure eTextbook and Media Check Answer nect Save for Later Attempts: 0 of 3 used Next > Prev P3 re to search PoDn End PgUp Home PrtScn PIl 17 d