Question
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1
Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 0.90090 1.11000 0.90090 1.0000 2 0.81162 1.23210 1.71252 2.1100 3 0.73119 1.36763 2.44371 3.3421 4 0.65873 1.51807 3.10245 4.7097 5 0.59345 1.68506 3.69590 6 0.53464 1.87041 4.23054 6.2278 7.9129 On May 1, 2021, Zulu Corporation purchased a building from Titanic Co. in exchange for a noninterest-bearing note payable in two equal annual payments of $620,000, beginning May 1, 2022. The interest rate is 11%. Zulu will record the building at: Multiple Choice $1303.600 $1,061762
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