A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity factor at 8% for 5 years is 3.9927. The present value of a single sum at 8% for 5 years is. 6806. Each annual payment equals $75,000. The present value of the note is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity factor at 8% for 5 years is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
At December 31, year 3, Bren Co. had the following deferred income tax items: • A deferred income tax liability of $15,000 related to a noncurrent asset. • A deferred income tax asset of $3,000 related to a noncurrent liability.
Answers (1)
Which of the following represents a reason for globalizing operations? Select one: a. to improve the supply chain. b. to improve operations. c. to expand a product's life cycle. d. to attract and retain global talent e. all of the above.
Answers (1)
A restaurant owner pays $.45 for a gallon of soda water. if the restaurant's waitress uses 1.5 gallons a week to make italian sodas for her customers, how much must the owner spend on soda water in a year?
Answers (1)
If a consumer buys two goods, the rational spending rule requires that the: (A) ratio of the average utility to price be equal for the two goods. (B) total expenditure on the two goods be equal.
Answers (1)
On January 1, 2018 when the effective interest rate was 12%, Philips Co. issued bonds with a maturity value of $200,000. The stated rate of interest is 12% and the bonds pay interest semi-annually. Philips Co.
Answers (2)
New Questions in Business
In determining whether an activity should be classified as a hobby, the tax law provides a rebuttable presumption with regard to the profits or losses of an activity.
Answers (1)
Glassmaker has pre-merger $5 in debt and $10 in equity. Rate on debt is 11%. The risk free rate is 6%. The tax rate is 40%. The levered beta is 1.36. The equity risk premium is 4%.
Answers (1)
The Operations Section Chief: A. Sets up and maintains all incident facilities and food services. B. Coordinates communication between all responding agencies. C. Develops and implements strategies and tactics to achieve the incident objectives. D.
Answers (2)
A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900,000 Debt Service Fund 2,600,000 Total governmental funds 26,300,000 Total governmental and enterprise funds combined
Answers (2)
A deposit of $870 earns interest rates of 10.7 percent in the first year and 8.7 percent in the second year. What would be the second year future value?
Answers (1)