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blossom Company sells good to kingbird Corp. in exchange for a $ 2 1 5 0 0 0 3 year note bearing 8 % interest.
blossom Company sells good to kingbird Corp. in exchange for a $ year note bearing interest. Interest is payable each year. The market rate of interest for a transaction of this nature for Kingbird is The present value of at for years is and the present value of an ordinary annuity of at for years is What is the amount of the notes receivable less the unamortized discount at the time of the sale?
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