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The note about debt included in the financial statements of Healdsburg Company for the year ended December 3 1 , 2 0 1 7 disclosed
The note about debt included in the financial statements of Healdsburg Company for the year ended December disclosed the following:
notes due $
notes due $
notes due $
notes due $
notes due $
The above table summarizes the longterm debt of the Company at December All of the notes were originally issued at their face maturity value and have been gradually repaid over time so that these amounts are the remaining balances at this date.
Assuming that the notes pay interest annually and mature on December of the respective years. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided.
Required:
Suppose that Healdsburg wants to pay off the notes on December ie five years early when the going interest rate is thereby retiring the $ in debt. How much would Healdsburg have to pay for the notes principal only on this date in order to satisfy the noteholders? Round your final answer to the nearest dollar amount.
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