Bonita Inc. loans money to John Kruk Corporation in the amount of $810,000. Bonita accepts an...

Bonita Inc. loans money to John Kruk Corporation in the amount of $810,000. Bonita accepts an 8% note due in 6 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Bonita 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 Bonita will receive on the sale of the note?

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ekkarill92 answered 1 year ago

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