On June 1, 2021, Carter Company sold some equipment to Addison Company. The two companies entered into an installment sales contract at a rate of 6%. The contract required a down payment of $100,000 and six payments of $60,000 on May 31st (end of year). What amount should Addison Company record on June 1, 2021 as an increase to the equipment account? Answer: I Andrea has saved for her retirement and hope to make equal semi-annual withdrawals over the next 10 years, beginning 6 months from now. Assuming she has saved $250,000 and it is invested at a rate of $12%. How much can she withdraw every 6 months? Time periods Factor PV Annuity due 12% 10 6.32825 PV Annuity due 6% 20 12.15812 PV Ordinary annuity 12% 10 5.65022 PV Ordinary annuity 6% 20 11.46992