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Calculate the present value of the note receivable

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Question - On January 1, 2018, London Inc. sold $932,000 worth of goods to Sarnia Ltd. It was determined that Sarnia Inc. had poor credit and signed a three year, zero-interest bearing note. London can borrow money at an interest rate of 3.5%. Calculate the present value of the note receivable.

Reference no: EM132738921

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