(c) Riverbed Inc. loans money to John Kruk Corporation in the amount of $832,000. Riverbed...
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(c) Riverbed Inc. loans money to John Kruk Corporation in the amount of $832,000. Riverbed accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Riverbed 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 Riverbed 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 $ LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 0 of 5 used
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