Question: HT INSTRUCTOR FULL SOREEN PRINTER VERSION BACK NEE Coercise 6-28 Your answer is partially correct. Try again. Assume that Sonic Foundry Corporation has a contractual

HT INSTRUCTOR FULL SOREEN PRINTER VERSION BACK NEE Coercise 6-28 Your answer is partially correct. Try again. Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $2,432,000, or it can make annual payments of $315,400 for 15 years, each payment due on the last day of the year Click here to view factor tables Which method of payment do you recommand, assuming an expected effective interest rate of 10% during the future period? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Present Value of annual payments 2399603 Recommended payment method Annual Payment TO TEXT

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