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Your company issues a $20,000 interest-bearing note. You agree to make semiannual payments at a 12 percent annual rate for 2 years. The market rate

Your company issues a $20,000 interest-bearing note. You agree to make semiannual payments at a 12 percent annual rate for 2 years. The market rate of interest is 10 percent. What is the amount your company will receive? What are the amounts shown on the pro forma income statement, statement of cash flows, and balance sheet for the first two semiannual periods of this note

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