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(Solved): Bosworth Corporation Accepted A 5-year Note Receivable From Steelman Company On January 1 Year 1. Th ...

bosworth corporation accepted a 5-year note receivable from steelman company on january 1 year 1. the maturity value of the note is 780000. the note has a stated interest rate of 10%. however, the prevailing market interest rate is 12% abd the note is recorded at 722591. the note requires interest payments on june 30 and december 31. what will be the note balance at december 31 year 1

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