Business, 04.07.2020 14:01, musa79

A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annual payments equal $11,600. The present value of an annuity factor for 5 years at 10% is 3.7908. The present value of a single sum factor for 5 years at 10% is .6209. The present value of the loan is:

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A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annua...