Business, 08.12.2020 16:40 aakakaa

A company must repay the bank a single payment of $25,000 cash in 4 years for a loan it entered into. The loan is at 7% interest compounded annually. The present value of 1 (single sum) at 7% for 4 years is .7629. The present value of an annuity (series of payments) at 7% for 4 years is 3.3872. The present value of the loan (rounded) is: a. $19,073.
b. $25,000.
c. $29,101.
d. $7,381.

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A company must repay the bank a single payment of $25,000 cash in 4 years for a loan it entered into...

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