QUESTION 3 On 1 January 2022, Rodney Inc. provided services to Smith Co. in exchange for...
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QUESTION 3 On 1 January 2022, Rodney Inc. provided services to Smith Co. in exchange for Smith's $300,000, 2-year 8% note with interest compounded semi-annually on July 1 and January 1. The current market rate of similar notes is 12%. Rodney Inc. financial year ends December 31. REQUIRED: 1. Provide the following input values from your financial calculator: N = PMT = $ I/Y= FV=S 2. The note was issued at 3. The present value of the note is $ QUESTION 3 On 1 January 2022, Rodney Inc. provided services to Smith Co. in exchange for Smith's $300,000, 2-year 8% note with interest compounded semi-annually on July 1 and January 1. The current market rate of similar notes is 12%. Rodney Inc. financial year ends December 31. REQUIRED: 1. Provide the following input values from your financial calculator: N = PMT = $ I/Y= FV=S 2. The note was issued at 3. The present value of the note is $
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