Corporate Fin Focused Approach
5th Edition
ISBN: 9781285660516
Author: EHRHARDT
Publisher: Cengage
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Transcribed Image Text:Calculate the present value of the note receivable using a 15
% interest rate. (5 years). Using the present value of the note
as the only economic benefit received, recalculate the gain or
loss on the transaction. (note receivables: 8,000,000, asset:
5,100,000, gain 2,900,000)
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