Pages • 1
Starstruck Essay Preview: Starstruck Report this essay SolutionsAssignment 7-17 Requirement 1 Present value: Maturity value $45,000 (P/F, 5%, 2) = $40,816 Interest $450 (P/A, 5%,2) = 837 $ 41,653 Requirement 21 January 20×6 Note receivable ………………………………………………… 45,000 Discount on note receivable* ………………………………… 3,347 Sales revenue …………………………………………………… 41,653.