13. On October 1, a $30,000, 6%, 3-year installment note payableis issued by a company. The note...
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13. On October 1, a $30,000, 6%, 3-year installment note payableis issued by a company. The note requires equal payments ofprincipal plus accrued interest be paid at the end of each year onSeptember 30. The present value of an annuity factor for 3 years at6% is 2.6730. The payment will be:
A. $10,000.00.
B. $11,223.34.
C. $10,800.00.
D. $10,400.00.
E. $1,223.34.
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