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Question 3 of 14 0/2 E View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect Sheridan Company issues a 12%, 8-year

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Question 3 of 14 0/2 E View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect Sheridan Company issues a 12%, 8-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $55,000 Click here to view the factor tablet. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, eg 25.25.) Sheridan Company should receive $ e Textbook and Media

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