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Bramble Corp. issues a 10%, 5-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the
Bramble Corp. issues a 10%, 5-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $45,800. Click here to view the factor table 1. Table 2 Table 3 Table 4 What are the cash proceeds received from the issuance of the note? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to 2 decimal places, e.g. 25.25.) Bramble Corp. should receive
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