Business, 18.10.2019 23:20 babyshazi

Leaf co. purchased from oak co. a $20,000, 8%, 5-year note that required five equal, annual year-end payments of $5,009. the note was discounted to yield a 9% rate to leaf. at the date of purchase, leaf recorded the note at its present value of $19,485. what should be the total interest revenue earned by leaf over the life of this note? a. $5,560b. $8,000c. $5,045d. $9,000

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Leaf co. purchased from oak co. a $20,000, 8%, 5-year note that required five equal, annual year-end...

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