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Brief Exercise G-18 Crane Company issues a 8%, 6-year mortgage note on January 1, 2017, to obtain financing for new equipment and is used es
Brief Exercise G-18 Crane Company issues a 8%, 6-year mortgage note on January 1, 2017, to obtain financing for new equipment and is used es collateral for the note. The terms provide for semiannual installment payments of $45,400. ble, (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.g. 25.25.) e Company should receive Question Attempts: o of 3 used SAVE FOR LTER SUBMIT
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