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Rachel Corporation purchased a building by paying $94,500 cash on the purchase date, agreeing to pay $50,900 every year for the next nine years and
Rachel Corporation purchased a building by paying $94,500 cash on the purchase date, agreeing to pay $50,900 every year for the next nine years and one payment of $104,500 ten years from the purchase date. The first payment is due one year after the purchase date. Rachel's incremental borrowing rate is 10%. The liability reported at on the balance sheet as of the purchase date, after the initil $94,500 payment was made, is closest to: (EV of \$1. PV of \$1. EVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Multiple Choice 3333.423 $562,600 $427,923 $293.134 Future Vilue of 51 Future Value of $1 Future Vatse of 51 Present Value of $1 Present Volue of Annuty of 51
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