Question
A company must repay the bank a single payment of $25,000 cash in 2 years for a loan it entered into. The loan is at
A company must repay the bank a single payment of $25,000 cash in 2 years for a loan it entered into. The loan is at 8% interest compounded annually. The present value factor for 2 years at 8% is 0.8573. The present value of the loan is:
$29,000.
$23,000.
$21,433.
$21,000.
$25,000.
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
1st Edition
0333929365, 9780333929360
