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g0. A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into The loan is
g0. A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into The loan is at 8% interest compounded annually. The present value factor or 3 years at 8% is 0.7938. The present va e of the loan (rounded) is: A. $15,877 B. $12,400 C. $5,592 D. $9,200 E. $47,630 A company borrowed cash from the bank by signing a 5-year, value of an annuity factor at%for 5 years is 3.9927. Each annual payment equals $75,000 The present value of the note is: 81. 8% installment note. The present A. $56,352.84 B. $93,921,41 C. $375,000 D. $299,452.50 E. $187,842.81
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