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Lanier Corp. makes a loan to Harris Co . and receives in exchange a three - year, $ 3 5 0 , 0 0 0
Lanier Corp. makes a loan to Harris Co and receives in exchange a threeyear, $ note bearing interest at percent annually. The market rate of interest for a note of similar risk is percent. Calculate the present value of the note on the date of issuance.
Lanier Corp. makes a loan to Harris Co and receives in exchange a threeyear, $ note bearing interest at percent annually. The market rate of interest for a note of similar risk is percent. Calculate the present value of the note on the date of issuance.
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