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Your answer is incorrect. Try again. Bonita Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $766,200. The
Your answer is incorrect. Try again. Bonita Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $766,200. The purchase agreement specifles an immediate down payment of $208,600 and semiannual payments of $65,368 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate 4 % semiannually LINK TO TEXT LINK TO TEXT LINK TO TEXT R] Your answer is incorrect. Try again. Bonita Inc. loans money to John Kruk Corporation in the amount of $807,200, Bonita accepts an 8% note due in 6 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Bonita 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 Bonita will receive on the sale of the note? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount received on sale of note 495,551
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