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7.6 Notes and Loans Receivable Gandalf & Sons accepts a nine-month, $20,000 zero-interest-bearing note for which the usual rate of interest would be 8%. What

image text in transcribed 7.6 Notes and Loans Receivable Gandalf \& Sons accepts a nine-month, $20,000 zero-interest-bearing note for which the usual rate of interest would be 8%. What is the amount of cash Gandalf receives? $18,400$18,868$20,000$21,132

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