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Find what is the amount dokado inc will receive on the sale

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Problem 1: DoKado Inc. loans money to HaraKiri Corp. in the amount of $600,000. DoKado Inc. accepts an 8% note due in 7 years with interest payable semi-annually. After 2 years (and receipt of interest for 2 years), DoKado Inc. needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of (10%,2). What is the amount DoKado Inc. will receive on the sale of the note?

Reference no: EM132688848

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