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( A ) Dubois Inc. has completed the purchase of new computers. The fair value of the equipment is $ 8 2 4 , 1

(A) Dubois Inc. has completed the purchase of new computers. The fair value of the equipment is $824,150. The purchase agreement specifies an immediate down payment of $200,000 and semiannual payments of $76,952 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction?
(B ) Dubois Ine. loans money to John Kruk Corporation in the amount of $800,000. Dubois accepts an 8% p.a. 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% compounded semiannually. What is the amount Dubois will receive on the sale of the note?

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