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Kingbird loans money to Luck Corporation in the amount of $360,000. Kingbird accepts an 6% note due in 4 years with interest payable semiannually. After
Kingbird loans money to Luck Corporation in the amount of $360,000. Kingbird accepts an 6% note due in 4 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Kingbird needs money and therefore sells the note to Denver National Bank, which demands interest on the note of 8% compounded semiannually. What is the amount Kingbird will receive on the sale of the note? (Round answer to 0 decimal places, e.g. 458,581.)
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