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PRINTER VERSION BACK NEXT Question 10 Concord Corporation, a publicly-traded company, agreed to loan money...

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PRINTER VERSION BACK NEXT Question 10 Concord Corporation, a publicly-traded company, agreed to loan money to another company. On My 1, 2020, the company received a five-year promissory note with a face value of $505,000 paying interest at a face rate of 5% on July 1 each year. The note was issued to yield an effective interest rate of 6%. Concord used the effective interest method of amortization for discounts or premiums, and the company's year-end is September 30. cick here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF1. Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivable. (Hound present value factor calculations to 1.25125 and the final answer to decimal places, e.g. 58,971.) decimal places Note receivable Prepare a schedule of note premium / discount amortization schedule. (Round answers to decimal places, .. 5971.) Schedule of Note Discount Amertination Effective Interest Method Interest Income Discount Amortized Cash Received Date (d-m-yr) 1-ul-20 carrying Amount 1-Jul-21 1-Jul-22 1-Jul-23 1-Jul-24 1-Jul-25

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