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can you solve this Question Completion Status: begin{tabular}{|c|c|c|c|c|} hline 18 & 2b & 3 & Ab & 5b hline 31 & 32 & 33
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Question Completion Status: \begin{tabular}{|c|c|c|c|c|} \hline 18 & 2b & 3 & Ab & 5b \\ \hline 31 & 32 & 33 & 34 & 35 \\ \hline \end{tabular} On Jamuary 1, yoar B Harper Company finances the purchase of equipenent by issuing a $15,000 non-interest-bearing note payable. The note will be paid off in 10 equal annual installments beginning on December 31. year 8 . The market rate of interest for noles of this type is 5%. Considering the information below, at what amount should Harper Company report the equiprnent on its balance sheet datod December 31, year B? The present value of $1 at 5% for 10 periods is 0.01391 The present value of an ordinary anmuty of $1 at 5% for 10 periods is 7.72173 The present value of an arnuty due of $1 at 5% for 10 periods is B, 10782 Step by Step Solution
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