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Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $
Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $ or it can make annual payments of $ for years, each payment due on the last day of the year.Click here to view factor tables.Which method of payment do you recommend, assuming an expected effective interest rate of during the future period? Round factor values to decimal places, eg and final answer to decimal places, egPresent value of annual payments$ Recommended payment method
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