On September $1,2023,$ Sunland Ltd$.$ purchased equipment for $$30,300$ by signing a two$-$year note payable with a face value of

$$30,300$ due on September $1,2025.$ The going rate of interest for this level of risk was $6\%.$ The company has a December $31$ year end.

$($The tables in this problem are to be used as a reference for this problem.$)$

Click here to view Table A$\mathrm{.}2$ PRESENT VALUE OF $1-($PRESENT VALUE OF A SINGLE SUM$)=0\mathrm{.}89000$

Click here to view Table A$\mathrm{.}4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1=1\mathrm{.}83339$

Calculate the cost of the equipment, where necessary using any of the three methods $($tables$,$ financial calculator, or Excel$),$

assuming the note is as follows: $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

An $6\%$ interest$-$bearing note, with interest due each September $1.$

A $2\%$ interest$-$bearing note, with interest due each September $1.$

A non$-$interest$-$bearing note.

Cost of the Equipment

An $6\%$ interest$-$bearing note

$ $30,300$

A $2\%$ interest$-$bearing note

$

A non$-$interest$-$bearing note

$