Teal Inc. loans money to John Kruk Corporation in the amount of $1,008,000. Teal accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Teal needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Teal will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
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Teal Inc. loans money to John Kruk Corporation in the amount of $1,008,000. Teal accepts an...
Pina Inc. loans money to John Kruk Corporation in the amount of $912,000. Pina accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Pina needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Pina will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124...
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x Your answer is incorrect. Try again. Novak Inc. loans money to John Kruk Corporation in the amount of $944,000. Novak accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Novak needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Novak will receive on the sale of the note? (Round factor...
Dubois Inc. loans money to John Kruk Corporation in the amount of $800,000. Dubois accepts an 8% note due in 7 years with interest payable semiannually. After 2 years(and receipt of interest for 2 years), Dubois needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compoundedsemiannually.
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