Question
Elaine, Inc. issued a seven-year non-interest-bearing note with a face value of $20,000 and received $13,301. Actuarial information for seven periods is as follows: PV
Elaine, Inc. issued a seven-year non-interest-bearing note with a face value of $20,000 and received $13,301. Actuarial information for seven periods is as follows:
| PV of $1 | PV of an Annuity | |||||
| 6% | 7% | 8% | 6% | 7% | 8% | |
| 0.665057 | 0.622750 | 0.583490 | 5.5824 | 5.3893 | 5.2064 | |
Refer to Exhibit 14-15. What is the interest expense for the first year?
| a. | $798.06 | |
| b. | $816.90 | |
| c. | $1,200.00 | |
| d. | $700.20 |
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Why CISOs Fail Internal Audit And IT Audit The Missing Link In Security Management How To Fix It
Authors: Barak Engel
1st Edition
1138197890, 978-1138197893
