You are allowed to use scrap papers and a pen or a pencil od luck!!! Question 15 18 pts On January 1, 2021, Piper Co. makes a loan to Marie Co. and receives in exchange a ten-year, $5,000,000 note receivable bearing interest of 10%, payable semiannually on June 30 and December 31. The market rate of interest for a note of similar risk is 12 percent. Table values are: Present value of 1 for 10 periods at 10% -386 Present value of 1 for 10 periods at 12% 322 Present value of 1 for 20 periods at 5% .377 Present value of 1 for 20 periods at 6% .312 Present value of annuity for 10 periods at 10% 6.145 Present value of annuity for 10 periods at 12% 5.650 Present value of annuity for 20 periods at 5% 12.462 Present value of annuity for 20 periods at 6% 11.470 REQUIRED: Answer the following questions in the space below. 1) How much cash Piper Co. pays at the date of issuance? 2) How much interest revenue Piper Co. recognizes in 2021? 3) What is the total amount of interest revenue that Piper Co. will recognize over the life of the note? Edit View Insert Format Tools Table 12pt Paragraph B IU A 2 Tv O etv SRB MacBook Air