Question
Requirement Determine the amount and type of financing component in the following contracts. (Click the icon to view the independent contracts.) a. Payment of
Requirement Determine the amount and type of financing component in the following contracts. (Click the icon to view the independent contracts.) a. Payment of $2,200,000 occurs nine years after delivery when the interest rate is 5%. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables, use factor amounts rounded to five decimal places, XXXXXXX. Round your final answer to the nearest whole dollar.) Financing Component Interest Revenue Amount 1,418,140 b. Payment of $2,200,000 occurs nine years before delivery when the interest rate is 5%. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using presen and future value tables, use factor amounts rounded to five decimal places, XXXXXXX. Round your final answer to the nearest whole dollar.) Financing Component Amount Interest Expense Amount c. Delivery is twelve years after payment of $1,200,000 when the interest rate is 10%. (Use the p future value tables, use factor amounts rounded to five decimal places, X.XXXXX. Round your fir Financing Component d. Delivery is twelve years before payment of $1,200,000 when the interest rate is 10%. (Use the and future value tables, use factor amounts rounded to five decimal places, XXXXXX Round yo Financing Component Amount Independent contracts a. Payment of $2,200,000 occurs nine years after delivery when the interest rate is 5%. b. Payment of $2,200,000 occurs nine years before delivery when the interest rate is 5%. c. Delivery is twelve years after payment of $1,200,000 when the interest rate is 10%. d. Delivery is twelve years before payment of $1,200,000 when the interest rate is 10%. Print Done
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