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Business, 14.06.2021 15:10 edson23

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%. Required:
What is the present value of the note received by Crane?

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Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer...

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