Wasp Corporation has a loan agreement that provides it with cash today, and the company must pay

Question:

Wasp has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years form today, and $5,000 three years from today. Wasp agrees to pay 10% interest. The following are factors from a present values table:
Periods______________________ Interest rate 10%
1......................................................0.9091
2......................................................0.8264
3......................................................0.7513
What is the amount of cash that Wasp receives today?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...