Chapter 6 HW Question 29 of 29 -/1 E Question 19 Accounting Multipart 0.25/1 Partially correct View Policies Current Attempt in Progress Assume that Sonic Foundry Corporation has a contractual debt outstanding, Sonic has available two means of settlement. It can either make immediate payment of $2,400,000 or it can make annual payments of $347.100 for 15 years, each payment due on the last day of the year. Question 20 Accounting Multipart 0.88/1 Partially correct Question 21 Accounting Multipart 1/1 Correct Click here to view factor tables Question 22 Accounting Multipart 0.5 / 1 Partially correct Which method of payment do you recommend, assuming an expected effective interest rate of 12% during the future period? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Question 23 Accounting Dropdown 1/1 Correct Present Value of annual payments $ Recommended payment method Question 24 Accounting Multipart 0.5/1 Partially correct e Textbook and Media Question 25 Accounting Multipart 0.5/1 Partially correct Save for Later Attempts: 0 of 3 used Submit Answer Question 26 Accounting Dropdown 1/1 Correct Question 27 Accounting Dropdown -/1 -/ Not started Question 28 Accounting Dropdown -/ -/1 Not started Viewing Question 29 Accounting Dropdown Not started