Notes Receivable-Computations Complete the Following Statements About Promissory Notes and Interest by Interest
Notes receivable-computations
Complete the following statements about promissory notes and interest by entering amounts in the spaces provided.(Use 360 days in one year.) 
Definitions:
Fair Value Hedge
A hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment that is attributable to a particular risk.
Forward Contract
A customized contract between two parties to buy or sell an asset at a specified price on a future date.
Annual Interest Rate
The percentage increase in the value of a loan or investment due to interest, calculated on an annual basis.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return.
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