Business
Business, 10.11.2020 17:00, jazmineweb234

A company borrowed cash from the bank by signing a 5-year, 6% installment note. The present value for an annuity (series of payments) at 6% for 5 years is 4.2124. The present value of 1 (single sum) at 6% for 5 years is .7473. Each annual payment equals $76,500. The present value of the note is:

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A company borrowed cash from the bank by signing a 5-year, 6% installment note. The present value fo...

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