Crane Taco Company receives a $94,500, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal places as displayed in the factor table. provided. Round answer to 2 decimal places, e.g. 25.25.) Present value of note received eTextbook and Media Save for Later $ Attempts: unlimited Submit Answer

Crane Taco Company receives a $94,500,6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. What is the present value of the note recelved by Crane? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided Round answer to 2 decimal places, es. 25.25.J Present value of note received