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On Jan 1st, 2020, Lepochat provided services in exchange for a 2-year $50,000, 8% note receivable that pays interest semiannually on June 30th and Dec

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On Jan 1st, 2020, Lepochat provided services in exchange for a 2-year $50,000, 8% note receivable that pays interest semiannually on June 30th and Dec 31st. The customer's normal borrowing rate is 10%. On, Jan 1st, 2020, the present value of the note receivable is $ (what amount)? Round to the nearest dollar. Use the amortization tables provided below to compute the present value of the note. Amortization Factor Tables.pdf 288.8

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