Question
A loan agreement exists for Rollover Company that provides it with cash today, and the company must pay $135,000 4 years from today. Rollover agrees
A loan agreement exists for Rollover Company that provides it with cash today, and the company must pay $135,000 4 years from today. Rollover agrees to a 6% interest rate. The present value factor for 4 periods, 6% is 0.7921. What is the amount of cash that Rollover Company receives today?
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Financial Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards
7th Edition
0072289988, 978-0072289985
