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Required information [The following information applies to the questions displayed below.) Southtown Corporation purchased equipment and in exchange signed a two-year promissory note. The note

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Required information [The following information applies to the questions displayed below.) Southtown Corporation purchased equipment and in exchange signed a two-year promissory note. The note requires Southtown to make a single payment of $100,000 in two years. Southtown has other promissory notes that charge interest at the annual rate of 6 percent. Part 1 of 2 04:18:01 Required: 1. Compute the present value of the note, using Southtown's typical interest rate of 6 percent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Round "Present Value" to the nearest whole dollar amount.) Table or Calculator Function: Future Value Present Value

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