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3 points Sam Anime On July 1, 2021, Markowell Company acquired equipment Markwell paid $172.500 in cash on July 1, 2021, and signed a $690,000

3 points Sam Anime On July 1, 2021, Markowell Company acquired equipment Markwell paid $172.500 in cash on July 1, 2021, and signed a $690,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022 An interest rate of 7% reflects the time value of money for this type of loan agreement (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? ni 1 12 3 4 5 1.0% 0.99010 2.0% 098522 50% 80% 7.0% 100% 096238 094340 093458 090909 098030 097066 090703 00000 0.87344 0.82645 0.97069 0.95632 0.86384 0.93862 0.81630 0.75161 0.96008 004218 082270 079209 076290 068301 095147 0.92826 0783530 0.74726 0.71299 1062092 $809,742 $817,360 $717.360 O $862.500

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