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Required Information [The following information applies to the questions displayed below.] Stellar Corporation purchased equipment and in exchange signed a two-year promissory note. The note
Required Information [The following information applies to the questions displayed below.] Stellar Corporation purchased equipment and in exchange signed a two-year promissory note. The note requires Stellar to make a single payment of $100,000 in two years. Stellar has other promissory notes that charge interest at the annual rate of 5 percent. Requlred: 1. Compute the present value of the note using Stellar's typical interest rate of 5 percent. (Future Value of $1, Present Value of $1, Future Value Annulty of \$1, Present Value Annulty of \$1, Financlal Calculator) (Use tables, Excel, or a financlal calculator. Round "Present Value" to the nearest whole dollar amount.)
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