ation Saved Help Save & Exit ie Inc. acquired land for $62 million. Laramie paid $12 in cash and signed a 6% note requiring the company to pay On January 1, 2018, Larah the remaining $5 million plus interest on December 31, 2019, An interest rate of 6% properly reflects the ti loan agreement. For what amount should Laramie record the purchase of land? ime value of money for this type of Multiple Choice $6.8 million $5.0 million $5.6 million. $6.2 million Prevof 38Next > 1:36