Question
What is the purchase price if Benjamin purchases a commercial building on 1/1/2011 and agrees to pay the purchase price in seven installments of $16,000
What is the purchase price if Benjamin purchases a commercial building on 1/1/2011 and agrees to pay the purchase price in seven installments of $16,000 with the first payment is due on 1/1/2012. Assuming an annual compounded implicit rate of 8%, what is the purchase price?
(PV annuity due of 1 is 5.62288) (FV ordinary annuity of 1 is 8.92280)
(PV ordinary annuity of 1 is 5.20637) (FV of annuity due of 1 is 9.63660)
| a. | $83,302 | |
| b. | $89,966 | |
| c. | $142,765 | |
| d. | $154,185 |
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AML Auditing Understanding Currency Transaction Reports What Every AML KYC Auditor Should Know
Authors: Bob Walsh
1st Edition
153952731X, 978-1539527312
