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Dubois inc loan money to john kruk corp in the amt of

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Dubois Inc loan money to John Kruk Corp in the amt of 800,000.00 Dubois accepts the 8% note due in 7 yrs with interest payable semiannually. After 2 yrs (and receipt of interest for 2 years), Dubois needs money and therefore sells the note to Chicago National bank which demands interest on the note of 10% compounded semiannually. What is the amt Dubois will receive on the sale of the note?

Reference no: EM13592416

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