On December 30, 2015, AGH, Inc.purchased a machine from Grant Corp.in exchange for a zero-interest-bearing note requiring eight payments of $75,000.The first payment was made on December 30, 2015, and the others are due annually on December 30.At date of issuance, the prevailing rate of interest for this type of note was 11%.Present value factors are as follows: 
On AGH's December 31, 2015 balance sheet, the net note payable to Grant is
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Sperm Cells
Sperm cells are the male reproductive cells responsible for fertilization, carrying genetic information to the egg cell during reproduction.
Brain Cells
Cells located in the brain, including neurons and glial cells, that are responsible for processing and transmitting information.
Blood Cells
Cells that circulate in the blood and are responsible for various functions including oxygen transport (red blood cells), immunity (white blood cells), and blood clotting (platelets).
Academically Average
Describes a student's performance that falls within the middle range when compared to peers, neither significantly above nor below the norm.
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