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PV of $1 Periods 2% 3% 6% 8% 12% 94232 91514 88900 83962 79383 90573 86261 82193 74.726 68058 56743 85349 78941 73069 62741 54027
PV of $1 Periods 2% 3% 6% 8% 12% 94232 91514 88900 83962 79383 90573 86261 82193 74.726 68058 56743 85349 78941 73069 62741 54027 40388 10 82035 74409 67556 55839 46319 32197 20 67297 55368 45639 31180 21455 10367 PV of Ordinary Annuity Periods 2% 3% 4% 6% 8% 12% 2.88388 2.82861 2.77509 2.67301 2.57710 2.40183 4.71346 4.57971 4.45182 4.21236 3.99271 3.60478 7.32548 7.01969 6.73274 6.20979 5.74664 4.96764 10 8.98259 8.53020 8.11090 7.36009 6.71008 5.65022 20 16.35143 14.87747 13.59033 11.46992 9.81815 7.46944 Questions 1-3 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3) QUESTIONS Sun Devil Inc. accepts a $1,000,000, 896 note on January 1, 2019, in exchange for merchandise The note is due in 5 years and requires the customer to pay interest quarterly, beginning March 31, 2019, Principal will be received at maturity. The customer's normal borrowing rate is 12% 1. Determine the amount of Sales Revenue Sun Devil can recognize on Jan 1, 2019 DQuestion 2 0.76 pts Using the information in #1 above, determine the carrying value of the Note Receivable at December 31, 2021: $ Question 3 0.76 pts Using the information in #1 above, determine the Total Interest Revenue Sun Devil will earn over the entire 5-year lending agreement
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