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pleas faast On July 1, 2017, Agincourt Inc. rendered services in exchange for zero interest-bearing notes receivable. The notes receivables have a face value of

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On July 1, 2017, Agincourt Inc. rendered services in exchange for zero interest-bearing notes receivable. The notes receivables have a face value of $250,00 and mature in 8 years. Agincourt Inc. recently had to pay 8% interest for money that it borrowed from British National Bank. The customer of the above transaction has credit ratings that require them to borrow money at 12% interest The present value of 1 at 12% for 8 0.40388 periods The present value of an ordinary annuity of 4.9676 1 at 12% for 8 periods Instructions By how much amount the "Discount on Notes receivable" will be credited? (Please write your answer without commas or sign of the dollar. For example, if your answer is $10,000, write it 10000)

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