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Swifty Corporation issues a 8%,5-year mortgage note on January 1,2022 , to obtain financing for new equipment. Land is used as collateral for the note.
Swifty Corporation issues a 8%,5-year mortgage note on January 1,2022 , to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $45,100. Click here to view the factor table 1 . Table 2 Table 3 Table 4 What are the cash proceeds received from the issuance of the note? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided, eg. 5.24571. Round answer to 2 decimal places, eg. 25.25.) Swifty Corporation should receive s
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