strong company acquired land. strong pays $750,000 immediately and promises to pay an additional $1,000,000 in two years. an interest rate of 8% reflects the time value of money for this type of loan agreement. for how much should strong value the note payable of $1,000,000?

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05-10-2022
Business

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strong company acquired land. strong pays $750,000 immediately and promises to pay an additional $1,000,000 in two years. an interest rate of 8% reflects the time value of money for this type of loan agreement. for how much should strong value the note payable of $1,000,000?

Sagot :

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strong company acquired land. strong pays $750,000 immediately and promises to pay an additional $1,000,000 in two years. an interest rate of 8% reflects the time value of money for this type of loan agreement. for how much should strong value the note payable of $1,000,000?

Sagot :

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