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Leaf Co. purchased from Oak Co. a $20, 000, 8% 5-year note that reaquired fiv equal annual year-end payments of $5,009. The note was discounted

Leaf Co. purchased from Oak Co. a $20, 000, 8% 5-year note that reaquired fiv equal annual year-end payments of $5,009. The note was discounted to yield a 9% rate to Leaf

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