Stellar Inc. loans money to John Kruk Corporation in the amount of $784.000. Stellar accepts...
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Stellar Inc. loans money to John Kruk Corporation in the amount of $784.000. Stellar accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Stellar needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Stellar will receive on the sale of the note? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, es 458,581.) Amount received on sale of
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