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LT Co. made a loan to VJ Co. on a $175,000, 8-year, 7% note dated 01/01/X1. There was a $19,371 discount on the note
LT Co. made a loan to VJ Co. on a $175,000, 8-year, 7% note dated 01/01/X1. There was a $19,371 discount on the note on 01/01/x1. Cash interest at the end of each year. (As applicable, round all dollar amounts to the nearest whole dollar throughout your calculations, as well as your final answer dollar amount when asked. Do not include any words or signs in the final answer; enter number only. If zero, enter "O") What is the present value of the note on 01/01/X1? $ On 01/01/X1, was the effective interest rate greater than or less than or equal to the stated interest rate? Type one word as your answer: type the word "greater" or the word "less" or the word "equal". (Do not include quotation marks.) What is the total amount of Interest Revenue reported over the life of the note by LT Co, if any? $
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