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Concord Corporation receives a $84,000, 6-year note bearing interest of 4% (paid annually) from a customer at a time when the discount rate is 6%.
Concord Corporation receives a $84,000, 6-year note bearing interest of 4% (paid annually) from a customer at a time when the discount rate is 6%. Click here to view the factor table 1. Table 2 Table 3 Table 4 What is the present value of the note received by Concord? (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.) Present value of note received $
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