Question: does anyone know what the answer for this is? I've done it over and over but can't get it. Exercise B-13 (Algo) Present value of
Exercise B-13 (Algo) Present value of an amount and of an annuity LO P1, P3 Compute the amount that can be borrowed under each of the following circumstances: (PV of \$1, EV of \$1, PVA of \$1, and Note: Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places. 1. A promise to repay $95,000 four years from now at an interest rate of 10%. 2. An agreement to make three separate annual payments of $23,000, with the first payment occurring 1 year from now. interest rate is 1%
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