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A motor van was purchased by Noor from Dt Dobie in Jan 2020 with a one year Ksh 400,000, 8% interest bearing note. the yield

A motor van was purchased by Noor from Dt Dobie in Jan 2020 with a one year Ksh 400,000, 8% interest bearing note. the yield rate of intetest for obligation with this level of risk is 14%

Find out the value of the motor van and make the necessary journal entries

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