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Need help with 9 and 10 Use the following information for Questions 9 and 10. A company sold merchandise in exchange for a 5%, 3-year

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Use the following information for Questions 9 and 10. A company sold merchandise in exchange for a 5%, 3-year promissory note with a face value of $200,000 (interest compounded annually). Its customer had the credit rating that required a 10% interest rate FV-Ji 231, S LS pv: 17 2,713.5 1 9. How much annual interest (round to the nearest dollar) did the company receive in cash from the abovementioned note? 20,000. 15,000 C. $10,000. D. None above. 10. How much was the selling price (round to the nearest dollar) of the abovementioned merchandise? A. $227,233. B. i $200,000. $175,131. Mevchandure PV of note one above

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