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Business, 18.02.2020 18:55 thomas0022

On December 30, Chang Co. sold a machine to Door Co. in exchange for a noninterest-bearing note requiring 10 annual payments of $10,000. Door made the first payment on December 30. The market interest rate for similar notes at date of issuance was 8%. Information on present value factors is as follows:

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On December 30, Chang Co. sold a machine to Door Co. in exchange for a noninterest-bearing note requ...
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