4. Billy's Builders purchased some equipment by issuing a five-year 5% note for $15,000 when the market rate for an obligation of this nature was 7%. The interest is payable annually. Actuarial information for five periods follows: Present value of 1 Present value of annuity of 1 15,000 58 = $750 Since its an annual payment We want present vale of 7% annuty. 5% 0.783526 4.329477 4.100197 At the date of purchase, what amount should be debited to Equipment? we take the $750 and attribute that to the 0.712986 $750 X 4.100197 3075.15 y portion of the problem? Vice-versa 15,000 (H) bis proof of the ammert bois FVotnote no annuly) X0.712986 10694.74 Est, Froteau. 13,769,94