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Business, 29.03.2021 23:50 isabelibarra6370

Island Corporation owes Mutual Bank a 10% note payable for $100,000 plus $8,000 accrued interest. On October 1, 2018, Island and Mutual Bank execute an agreement whereby Island will pay Mutual $128,000 on the due date of the note on October 1, 2020. If the present value interest factor for two years at 10% is .82645, what will be the new note receivable balance for Mutual Bank

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Island Corporation owes Mutual Bank a 10% note payable for $100,000 plus $8,000 accrued interest. On...
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