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Sarasota Inc. loans money to John Kruk Corporation in the amount of $852.400 Sarasota accepts an 8% note due in 8 years with interest payable
Sarasota Inc. loans money to John Kruk Corporation in the amount of $852.400 Sarasota accepts an 8% note due in 8 years with interest payable semiannually. After 2 years and receipt of interest for 2 years Sarasota needs money and therefore sells the note to Chicago National Bank, which demands interest on the note o 10% compounde se ally. What she amount Sarasota w rece re on the sale lie note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount received on sale of
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