Business, 06.11.2019 06:31 lupitaca888
Acompany borrows $10,000 and issues a 5-year, 6% installment note with interest payable annually. the factor for the present value of an annuity at 6% for 5 years is 4.2124. the factor for the present value of a single sum at 6% for 5 years is 0.7473. the amount of the annual payment is $2,373.94.
Answers: 2
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Acompany borrows $10,000 and issues a 5-year, 6% installment note with interest payable annually. th...
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