Question
Use the following 9% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.03295 9.20043 8 periods 5.53482 11.02847 9
Use the following 9% interest factors.
| Present Value of Ordinary Annuity | Future Value of Ordinary Annuity | ||
| 7 periods | 5.03295 | 9.20043 | |
| 8 periods | 5.53482 | 11.02847 | |
| 9 periods | 5.99525 | 13.02104 | |
What amount should be recorded as the cost of a machine purchased December 31, 2020, which is to be financed by making 8 annual payments of $20000 each beginning December 31, 2021? The applicable interest rate is 9%.
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Care And Counsel For Combat Trauma Training Program Workbook For Audit Only
Authors: Cru Military, American Association Of Christian Counselors, Light University, Karen D Watkins
1st Edition
0986363081, 978-0986363085
