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On january 1 20x0 vickie maher purchases a large screen lcd

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On January 1, 20X0, Vickie Maher purchases a large screen LCD TV from American Furniture and Appliance Co for $10,000. According to the terms of the sale the payment of $10,000 is due on Dec 31, 20X3. The prevailing rate of interest is 6% compounded semi-annually. On January 1, 20X0, what should Vickie record as the cost of the TV?

Reference no: EM13592056

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