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Adam Baum Company borrowed $57.000 from B. A Ware on January 1, 2021, and signed a three-year, 5% installment note to be paid in three
Adam Baum Company borrowed $57.000 from B. A Ware on January 1, 2021, and signed a three-year, 5% installment note to be paid in three equal payments at the end of each year. Required: Calculate the amount of one installment payment. (Round your final answer to the nearest whole dollar.) Installment payment DON Corp. is contemplating the purchase of a machine that will produce cash savings of $23,000 per year for five years. At the end of five years, the machine can be sold to realize cash flows of $5,300. Interest is 11%. Assume the cash flows occur at the end of each year. Required: Calculate the total present value of the cash savings. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Total present value
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