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Cullumber Company receives a $76,000,10-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 7%. Click

Cullumber Company receives a $76,000,10-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 7%. 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 Cullumber? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $ Cullumber Company receives a $76,000,10-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 7%. 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 Cullumber? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $

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