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Present and future value tables of 1 at 11% are presented below. of $1 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 FV of $1 1.11000 1.23210

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Present and future value tables of 1 at 11% are presented below. of $1 0.90090 0.81162 0.73119 0.65873 0.59345 0.53464 FV of $1 1.11000 1.23210 1.36763 PVA of $1 0.90090 1.71252 FVA of $1 .0000 2.1100 3.3421 4.7097 31.51807 3.10245 3.695906.2278 4.23054 4 1.68506 1.87041 6 79129 Polo Publishers purchased a multi-color offset press with terms of $35,000 down and a noninterest-bearing note requiring payment of $10,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at: Multiple Choice $45,000 $36,959

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