Present and future values of $$1$ at $11\%$ are presented below.

$\backslash$table$[[,$PV of $$1,$FV of $$1,$PVA of $$1,$FVA of $$1],[1,0\mathrm{.}90090,1\mathrm{.}11000,0\mathrm{.}90090,1\mathrm{.}0000],[2,0\mathrm{.}81162,1\mathrm{.}23210,1\mathrm{.}71252,2\mathrm{.}1100],[3,0\mathrm{.}73119,1\mathrm{.}36763,2\mathrm{.}44371,3\mathrm{.}3421],[4,0\mathrm{.}65873,1\mathrm{.}51807,3\mathrm{.}10245,4\mathrm{.}7097],[5,0\mathrm{.}59345,1\mathrm{.}68506,3\mathrm{.}69590,6\mathrm{.}2278],[6,0\mathrm{.}53464,1\mathrm{.}87041,4\mathrm{.}23054,7\mathrm{.}9129]]$

Similar borrowings have carried an $11\%$ interest rate. The equipment would be recorded at:

Multiple Choice

$$2,328,417$

$$2,803,500$

$$2,665,240$

$$3,150,000$