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On December 31, 2020, Grouper Company signed a $1.054,800 note to Monty Bank. The m ost interest rate at that time was 11%. The stated

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On December 31, 2020, Grouper Company signed a $1.054,800 note to Monty Bank. The m ost interest rate at that time was 11%. The stated interest rate on the note was able w ally. The note matures in 5 years. Unfortunately, because of lower sales, Grouper's financial situation worsened on December 31, 2012, Monty Bank determined that it was probable that the company would pay back only $6.37.100 of the principala maturity. However, it was considered kely that interest would continue to be paid based on the $1.054 loan. Your wer is incorrect Determine the amount of cash Grouper received from the loan on December 31, 2020 Hourd en valotectors to decimal places, 2513 and flow to decimal plane 527 Amount of cash Grouper received from the loan e Textbook and Media Your answer Prepare ante amortation schedule for Money Bank to December 31, 2022. dawers to decides, 5275 Note Amortisation Schedule Before Impairment) 12/11/20 12/3121 2017 123

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