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Brief Exercise 6-15 Neymar Taco Company receives a $70,000, 9-year note bearing interest of 11% (paid annually) from a customer at a time whe the

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Brief Exercise 6-15 Neymar Taco Company receives a $70,000, 9-year note bearing interest of 11% (paid annually) from a customer at a time whe the discount rate is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Neymar? (Round answer to 2 decimal places, e.g. 25.52.) Present value of note received

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