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On January 1, 2024, Pharoah Company issued for cash a $750000,5-year note bearing annual interest at 10% to Smith, Inc. The market rate of interest
On January 1, 2024, Pharoah Company issued for cash a $750000,5-year note bearing annual interest at 10% to Smith, Inc. The market rate of interest for a note of similar risk is 12%. What cash would have been recorded on the issue date of the note? Click here to view factor table. $804068$750000$695932$0
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