{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:48:36-04:00", "answer_date": "2024-06-28 04:48:36", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4243176", "url": "\/study-help\/questions\/wildhorse-inc-loans-money-to-john-kruk-corporation-in-the-4243176", "question_creation_date_js": "2024-06-28T04:48:36-04:00", "question_creation_date": "Jun 28, 2024 04:48 AM", "meta_title": "[Solved] Wildhorse Inc. loans money to John Kruk C | SolutionInn", "meta_description": "Answer of - Wildhorse Inc. loans money to John Kruk Corporation in the amount of $880,000. Wildhorse accepts an 8% note due in 7 y | SolutionInn", "meta_keywords": "wildhorse,inc,loans,money,john,kruk,corporation,amount,$880,000,accepts,8%,note", "question_title_h1": "Wildhorse Inc. loans money to John Kruk Corporation in the amount of $880,000. Wildhorse accepts an 8% note due in 7 years with interest payable", "question_title": "Wildhorse Inc. loans money to John Kruk Corporation in the amount of", "question_title_for_js_snippet": "Wildhorse Inc loans money to John Kruk Corporation in the amount of $880,000 Wildhorse accepts an 8 note due in 7 years with interest payable semiannually After 2 years (and receipt of interest for 2 years), Wildhorse needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10 compounded semiannually What is the amount Wildhorse will receive on the sale of the note ", "question_description": "

Wildhorse Inc. loans money to John Kruk Corporation in the amount of $880,000. Wildhorse accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Wildhorse needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Wildhorse will receive on the sale of the note?<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing and Assurance Services", "isbn": "978-1259573286, 1259573281, 978-1260152166", "edition": "7th edition", "authors": "Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1263.jpg", "uri": "\/textbooks\/auditing-and-assurance-services-7th-edition-1263", "see_more_uri": "" }, "free_related_book": { "isbn": "1017557500", "uri": "\/textbooks\/food-poisoning-1st-edition-978-1017557503-266793", "name": "Food Poisoning", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:48:36", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/how-can-managements-costbenefit-judgments-lead-to-internal-control-deficiencies", "description": "How can managements costbenefit judgments lead to internal control deficiencies?", "stars": 3 }, { "url": "\/study-help\/psychology\/what-was-the-first-language-you-learned-to-speak-1983083", "description": "What was the first language you learned to speak?", "stars": 3 }, { "url": "\/on-january-1-2016-hyde-corporation-purchased-bonds-with-a", "description": "On January 1, 2016, Hyde Corporation purchased bonds with a face value of $300,000 for $308,373.53. 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