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(Click the icon to view the Present Value of $1 table.) Each of the three columns refers to an independent case. All data represent amounts
(Click the icon to view the Present Value of $1 table.) Each of the three columns refers to an independent case. All data represent amounts as of January 1, the date the long-term notes receivable were issued, except for the interest income, which is for the life of the note. Assume annual interest payments. (Click to view the cases.) Requirement Fill in the missing boxes (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) Fill the missing boxes for one case at a time. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Use a minus sign or parentheses for any discount amounts. Round intermediary and your final answers to the nearest whole dollar. Round the market interest rate to the nearest hundredth of a percent, X.XX%.) Item Case 1 Case 3 2.400,000 x $ 910,000 $ i Data Table Case 2 $ 1,200,000 $ 737,903 11 % 6 % % Notes receivable, face value Initial carrying value Market rate Stated rate Term of notes (in years) Note receivable discount Interest income over the note term % 7 % 9 % Case 1 Case 3 20 5 $ 2,400,000 910,000 $ A $ Case 2 1,200,000 $ 737,903 11% $ (339,859) G $ 1,417,654 B H Item Notes receivable, face value Initial carrying value Market rate Stated rate Term of notes (in years) Note receivable discount Interest income over the note term 7% 6% 9% D 20 years (339,859) 5 years 1 E F 1,417,654 Enter any number in the edit fields and then continue to the next question. Print Done
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