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In order to preserve cash, Pina Inc. negotiated with one of its supplies for amount owing on account. $106,858 was paid off by signing a
In order to preserve cash, Pina Inc. negotiated with one of its supplies for amount owing on account. $106,858 was paid off by signing a zero interest note on June 1, 2020, due June 1, 2025, for $143,000. What annual rate of interest is being paid by Pina? Of the variables listed, choose the variable being calculated. Fill in the remaining variables in the table that follows. Variable Financial Calculator or Tables PV Excel Present value PV $ Future value FV FV $ | Rate ? Interest rate Amount of annuity payment PMT PMT Number of periods N Nper Calculate the annual rate of interest Saturn will earn on the note receivable. (Round answer to O decimal places, e.g. 25%.) To calculate, use 1. 2. 3. PV.1 Tables A financial calculator, or Excel function PV. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Rate of interest In order to preserve cash, Pina Inc. negotiated with one of its supplies for amount owing on account. $106,858 was paid off by signing a zero interest note on June 1, 2020, due June 1, 2025, for $143,000. What annual rate of interest is being paid by Pina? Of the variables listed, choose the variable being calculated. Fill in the remaining variables in the table that follows. Variable Financial Calculator or Tables PV Excel Present value PV $ Future value FV FV $ | Rate ? Interest rate Amount of annuity payment PMT PMT Number of periods N Nper Calculate the annual rate of interest Saturn will earn on the note receivable. (Round answer to O decimal places, e.g. 25%.) To calculate, use 1. 2. 3. PV.1 Tables A financial calculator, or Excel function PV. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Rate of interest
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