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  3. crane company receives a $62,700, 6-year note bear

Crane Company receives a $62,700, 6-year note bearing interest of 6% (paid annually) from a...

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Accounting

Crane Company receives a $62,700, 6-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 9%. What is the present value of the note received by Crane?

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