Business, 31.03.2020 02:29 dolltan

A company must repay the bank a single payment of $38,000 cash in 5 years for a loan it entered into. The loan is at 6% interest compounded annually. The present value factor for 5 years at 6% is .7473. The present value of an annuity factor for 5 years at 6% is 4.2124. The present value of the loan (rounded) is

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A company must repay the bank a single payment of $38,000 cash in 5 years for a loan it entered into...

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