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Use the following infocmation to answer the five questigns that follow. Below is a Roction of the amotization schedule relatiog to a 3-year note resceivable
Use the following infocmation to answer the five questigns that follow. Below is a Roction of the amotization schedule relatiog to a 3-year note resceivable fram the Zecoz Company. The document was signed bx a client of the compary ar Landary 1, 2018. The document naxs interest annuallx on December 31. The expicatian date is Desember 31, 2nn According to the amortization table presented above, what was the present value of the document on January 1,2018 ? Select one: a. It cannot be determined. b. $20,000 c. $21,050 d. $18,950
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