Question 23 of 33 23 A company borrowed cesh from the bank b

Question 23 (of 33) 23. A company borrowed cesh from the bank by signing 67-year, 8% installment note. The present value of an ennuity factor ot 8% for 7 years is 52064 Each onnuel poyment equals S69.145 67 The present value of the note is o $88,021.67. O $257810.00. O $42914567 O $69145 67 O $360.000.00 References Multiple Choice Type here to search

Present value of the note=$69145.67*Present value of annuity factor(8%,7)

=69145.67*5.2064

which is equal to

=$360,000(Approx).

Question 23 (of 33) 23. A company borrowed cesh from the bank by signing 67-year, 8% installment note. The present value of an ennuity factor ot 8% for 7 years

Question 23 of 33 23 A company borrowed cesh from the bank b

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