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On July 1, 2021, a company signs a 15-year note for an office building. Note payments of $16,457 are due every six months. The companys
On July 1, 2021, a company signs a 15-year note for an office building. Note payments of $16,457 are due every six months. The companys normal borrowing rate is 8%. For what amount would the company record the note on July 1, 2021. Please use the tables provided in the instructions to the exam. Round your answer to the nearest dollar.
Group of answer choices:
$182,975.
$140,863.
$284,575.
$185,269.
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