Practice Quiz 7 Q71 To enter Customers and Sales transactions: a. From the Navigation Bar, select Transactions > Customers b. From the Navigation Bar, select Transactions > Expenses > New Transaction c. From the Create (+) icon, select the appropriate customer transaction d. From the Gear icon, select Expense Transactions today. The interest rate on the note is 7%. What amount did Canliss borrow? BE 5-9 Present value; annuity due; installment notes L058, 105-10 Refer to the situation described in BE 5-8. What amount did Canliss borrow assuming that the first $10,000 payment was due immediately? Page 266 BE 5-10 Deferred annuity QL058, L05-10 Refer to the situation described in BE 5-8 What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years? BE 5-11 Solve for unknown; annuity LO59 Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assuming an interest L05-8, CLO510 Refer to the situation described in Q BE 5-8. What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years? BE 5411 Practice Quiz 7 Q71 To enter Customers and Sales transactions: a. From the Navigation Bar, select Transactions > Customers b. From the Navigation Bar, select Transactions > Expenses > New Transaction c. From the Create (+) icon, select the appropriate customer transaction d. From the Gear icon, select Expense Transactions today. The interest rate on the note is 7%. What amount did Canliss borrow? BE 5-9 Present value; annuity due; installment notes L058, 105-10 Refer to the situation described in BE 5-8. What amount did Canliss borrow assuming that the first $10,000 payment was due immediately? Page 266 BE 5-10 Deferred annuity QL058, L05-10 Refer to the situation described in BE 5-8 What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years? BE 5-11 Solve for unknown; annuity LO59 Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual installments beginning one year from today. Assuming an interest L05-8, CLO510 Refer to the situation described in Q BE 5-8. What amount did Canliss borrow assuming that the first of the five annual $10,000 payments was not due for three years? BE 5411