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Brennan Huff loans Dale Doback $400,000. Huff accepts a 5% note, which requires semi-annual payments for 10 years. The day after receiving the 6th interest

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Brennan Huff loans Dale Doback $400,000. Huff accepts a 5% note, which requires semi-annual payments for 10 years. The day after receiving the 6th interest payment, Huff decides to sell the note to Blue Hills Bank. Blue Hills a. What is the amount that Brennan Huff will receive on the sale of the b. Prepare the entries that Brennan Huff and Blue Hills Bank will make Bank agrees to purchase it to yield an 7% return. net. note to Blue Hills Bank? on the day the note is sold to the bank

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