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UNLU MCWUIR-graded Next Question 3 View Policies Current Attempt in Progress Cullumber Company issues a 8%, 8-year mortgage note on January 1, 2022, to obtain

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UNLU MCWUIR-graded Next Question 3 View Policies Current Attempt in Progress Cullumber Company issues a 8%, 8-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 $45,000. Click here to view the factor table, (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, eg. 25.25.) Cullumber Company should receive e Textbook and Media tu 839 PM A lla $x 476/2020 o @ Chp

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