A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value

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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. Each annual payment equals $75,000. The present value of the note is:

$56,352.84

$92,921.41

$299,452.50

$187,842.81

Related Book For answer-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Aug 31, 2018 09:23 AM

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A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value

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Horngrens Financial and Managerial Accounting

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