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Pharoah Co. issued for cash a $101000,3-year note bearing interest at 6% to Coronado, Inc. The market rate of interest for a note of similar

image text in transcribed Pharoah Co. issued for cash a $101000,3-year note bearing interest at 6% to Coronado, Inc. The market rate of interest for a note of similar risk is 8%. One step in calculating the cash received from the issuance of the note is to multiply the face value by the table value cor 3 periods and 6% from the present value of an ordinary annuity table. 3 periods and 8% from the present value of an ordinary annuity table. 3 periods and 8% from the present value of 1 table. 3 periods and 6% from the present value of 1 table

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