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Rusty Corporation purchased a rustinhibiting machine by paying $50,500 cash on the purchase date and agreed to pay $10,100 every three months during the next

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Rusty Corporation purchased a rustinhibiting machine by paying $50,500 cash on the purchase date and agreed to pay $10,100 every three months during the next two years. The first payment is due three months aftec the purchase date. Rusty's incremental borrowing tate is 122%, The liability reported on the balance sheet as of the purchase date, after the inital $50,500 poyment was made, is closest to: (FV of \$1, PV of \$1, FVA of \$5, and PVA. of \$1) (Use appropriate factor(s) from the tables provided.) Muitipie Choice $70.899 580,600 $131,300 5121,399. Future Valve of 51 Future Vake of 51 Future Vabe of 51 Present Value of $1 Present Volue of 51 Present Value of $1 Futare Value of Annuty of 51 Future Value of Annuly of 51 Preseat Value of Annuity of 51 Present Vatue of Antully of $1 Present Value of Annuty of 51 Present Value of Annulty of 51

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