Present and future value tables of $1 at 11% are presented below. PV of $1 FV of $1 PVA of $1 FVA of $1 10 .900901.11000 0.90090 1.0000 20 .811621.23210 1.71252 2.1100 30 .731191.36763 2.44371 3.3421 4 0.65873 1.51807 3.19245 4.7097 50 .593451.68506 3.69590 6.2278 6 0.53464 1.87041 4.23054 7.9129 - On October 1, 2021, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest bearing note payable in three equal annual payments of $520,000, beginning Oct 1, 2022. Similar borrowings have carried an 11% Interest rate. The equipment would be recorded at Multiple Choice $1,560,000. $1,270,729. ( $1.613,274. $1,388,400