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
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” 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
A loan for a new car costs the borrower. 8% per month. what is the ear?
Answers (1)
Design a rectangular milk carton box of width w, length l, and height h which holds 496 cm3 of milk. The sides of the box cost 2 cent/cm2 and the top and bottom cost 4 cent/cm2.
Answers (1)
Which one of the following terms is defined as the mixture of a firm's debt and equity financing? Multiple Choice Working capital management Cash management Cost analysis Capital budgeting Capital structure
Answers (1)
Imagine that a major car company has been able to plan production to coincide with sales forecasts. As new inventory comes into the showroom, customers purchase it, and there is no unsold inventory and no unfilled orders.
Answers (1)
Donald, the owner of a popular restaurant, is a religious man, and he needs to make a decision on whether he will add beer and wine to his menu, based on the recommendations of his chefs and others.
Answers (1)
New Questions in Business
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Perfect price discrimination describes a situation in which the monopolist a charges exactly two different prices to exactly two different groups of customers. b maximizes consumer surplus. c experiences a zero economic profit.
Answers (1)
On August 1, Masters Company buys 2000 shares of ABD common stock for $72500 cash. On December 1, the stock investments are sold for $75000 in cash.
Answers (1)
The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000.
Answers (2)
when a minor breach has occured, the non - breaching party is able to do what?
Answers (1)