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a company borrowed cash from the bank by signing a 3-year, 8% installment note. the present value for an annuity (series of payments) at 8%
a company borrowed cash from the bank by signing a 3-year, 8% installment note. the present value for an annuity (series of payments) at 8% for 3 years is 2.5771. the present value of 1 (single sum) at 8% for 3 years is .7938. each annual payment equals 77,500. the present value of the note is:
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Fair Value Measurement Practical Guidance And Implementation
Authors: Mark L. Zyla
3rd Edition
1119191238, 9781119191230
