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Assuming a market interest rate is 9% per annum, how much would Sheridan Bank record as a notes receivable if the terms of the loan
Assuming a market interest rate is 9% per annum, how much would Sheridan Bank record as a notes receivable if the terms of the loan with a borrower are that the borrower would make one $121500 payment in two years?(The present value of $1 for two periods at 9% is 0.84168). $111468. $102264. $111261. $121500
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