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Splish Brothers Corporation purchased a truck by issuing an $82,500, four-year, noninterest-bearing note to Equinox Inc. The market interest rate for obligations of this nature

Splish Brothers Corporation purchased a truck by issuing an $82,500, four-year, noninterest-bearing note to Equinox Inc. The market interest rate for obligations of this nature is 12%. Calculate the purchase price using any of the three methods (tables, financial calculator, or Excel).

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