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Show me Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment

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Show me Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $2,366,000, or it can make annual payments of $342,000 for 15 years, each payment due on the last day of the year.
Which method of payment do you recommend, assuming an expected effective interest rate of 12 Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either
make immediate payment of $2,366,000, or it can make annual payments of $342,200 for 15 years, each payment due on the last day
of the year.
Click here to view factor tables.
Which method of payment do you recommend, assuming an expected effective interest rate of 12% during the future period? (Round
factor values to 5 decimal places, e.g.1.25124 and final answer to 0 decimal places, e.g.458,581.)
Present value of annual payments
Recommended payment method% during the future period? steps to solve
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