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[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

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[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. Required: 1. Compute the present value of the note using Stellar's typical interest rate of 5 percent (Future Value of S1, Present Value of S1. Euture Value Annuity of \$1. Present Value Annuity of \$1. Finansiat Calculatos) (Use tables, Excel, or a financial calculator. Round "Present Value" to the nearest whole dollar amount.)

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