32. Company XYZ purchased some machinery and gave a five-year note with a maturity value of $20,000. The annual discount rate is 8% and the interest is discounted monthly. How much did the company borrow? a. $13,612 b. $13,424 c. $19,346 d. $12,000 33. Calculate the present value of $100,000 to be received in 6 months. Use an annual discount rate of 10%. Do not adjust the discount rate to a semi-annual ratc. Keep it annual and adjust N to the appropriate value. a. $ 95,346 b. 56,447 c. $ 90,909 d. $100,000 What is the future value of an annuity due if your required return is 10%, and annual payments are $1,000 for 10 years? a. $15,937 b. $16,145 c. $17,53 d. $11,000 5. Which of the following statements is false? a. Maximization of owner value and societal benefits are not always consistent. b. Corporate earnings are subject to the same tax as partnership earnings. c. Each form of business has its distinct advantages and disadvantages. d. Agency problems are not as pronounced in sole proprietorships