How would you get the selling price? I have tried all possible answers. The pv is not
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How would you get the selling price? I have tried all possible answers. The pv is not the correct answer.
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On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying $7,000 down and $8,000 at the end of each of the next 16 calendar quarters. What is the selling price of the machinery if the rate of interest agreed upon was 24% compounded quarterly? Which of the following financial statement items is impacted in this transaction? The problem is solving for: The calculation involves: Excel Formula Variables Notes Receivable Present Value An Ordinary Annuity EXCEL = PV ( Rate Nper Pmt FV ) = PV Total = 80847 The selling price of the machine is: ( 0.06 16 -8000 0 ) On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying $7,000 down and $8,000 at the end of each of the next 16 calendar quarters. What is the selling price of the machinery if the rate of interest agreed upon was 24% compounded quarterly? Which of the following financial statement items is impacted in this transaction? The problem is solving for: The calculation involves: Excel Formula Variables Notes Receivable Present Value An Ordinary Annuity EXCEL = PV ( Rate Nper Pmt FV ) = PV Total = 80847 The selling price of the machine is: ( 0.06 16 -8000 0 )
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Youre absolutely right In this scenario the Present Value PV we calculate represents the present val... View the full answer
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