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Blue Spruce Corporation, a publicly-traded company, agreed to Ioan money to another company. On July 1, 2020, the company received a five-year promissory note with

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Blue Spruce Corporation, a publicly-traded company, agreed to Ioan money to another company. On July 1, 2020, the company received a five-year promissory note with a face value of $52.2,000, paying interest at a face rate of 4% on July 1 each year. The note was issued to yield an effective interest rate of 5%. Blue Spruce used the effective interest method of amortization for discounts or premiums, and the company's year-end is September 30. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivable. (Round present walue factor calculations to 5 decimal places, e. 1.25125 and the final answer to 0 decimal ploces, eg. 58,971. Notereceivable $ List of Accounts Attempts: 0 of 1 used (b) The parts of this question must be completed in order, This part will be available when you complete the part above

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