I'm gonna be honest I didnt understand the work used to get this answer can someone explain it to me, just to add on I use interest rate tables so if someone can explain it using those I would greatly appreciate it.

(c) Your answer is correct. Buffalo Inc. loans money to John Kruk Corporation in the amount of $ 832,000. Buffalo accepts an 8% note due in 7 years with interest payable semiannually. After 2 years and receipt of interest for 2 years), Buffalo needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Buffalo will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount received on sale of note $ 767751 e Textbook and Media Attempts: 1 of 5 used