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TY Co. made a loan to DJ Co, on a $90,000, 7-year, 10% note dated Jan 1, 20X1. Cash interest at the end of each
TY Co. made a loan to DJ Co, on a $90,000, 7-year, 10% note dated Jan 1, 20X1. Cash interest at the end of each year. The effective interest rate was 9% [Round all dollar amounts to the nearest whole dollar throughout calculations, as well as the final dollar amount. Do not include any words or signs in your final answer: enter number only.) What is the amount of cash from TY to DJ on Jan 1, 20X1? What is the amount of interest reported by TY on its income statement for 20x1? What is the face value of the
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