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Question 4 2 pts Present and future value tables of 1 at 11% are presented below. PV of $1 0.90090 FVA of $1 PVA of
Question 4 2 pts Present and future value tables of 1 at 11% are presented below. PV of $1 0.90090 FVA of $1 PVA of $1 0.90090 1 2A 1.0000 2 2.1100 FV of $1 1.11000 1.23210 1.36763 1.51807 1.68506 0.81162 0.73119 0.65873 3 1.71252 2.44371 3.10245 3.3421 4 4.7097 5 0.59345 3.69590 6.2278 6 0.53464 1.87041 4.23054 7.9129 Panther Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the date of purchase, and a noninterest-bearing note requiring payment of $20,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Panther Publishers would record the asset at: $73,918 $123,918 $169,560 $130,000 Next
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