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107. Prof Inc borrowed $200,000 from the bank and signed a 6-year note at 8%. The present value of an annuity factor for 6 years
107. Prof Inc borrowed $200,000 from the bank and signed a 6-year note at 8%. The present value of an annuity factor for 6 years at 8% is 4.6229. To the nearest dollar, the annual payment is: A. $33,333. B. $41,960. 0. $45,827. g $43,263. E. $28,599
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
