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bob krank would like to invest in a $ 7 0 , 0 0 0 face value note payable. the note payable has a 7

bob krank would like to invest in a $70,000 face value note payable. the note payable has a 7 year term and pays 9% annual interest at the end of each year. interest is compounded annually. what would he pay for the note if he wanted the note to yield 9%

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