Question: Assume the same information as BEPV10, except that the interest rate is 9% instead of 8%. What is the annual payment that Marsdon will receive

Assume the same information as BEPV–10, except that the interest rate is 9% instead of 8%. What is the annual payment that Marsdon will receive from its customer?

Refer in BEPV-10,

Marsdon Company receives a six-year, $50,000 note that bears interest at 8% from a customer. The customer will make annual blended principal plus interest payments at the end of each year.

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Using tables From Table PV2 n 6 i 9 the present value for a 1 payment annually is 448592 ... View full answer

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