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Business, 07.12.2019 06:31 alyssatamayo641

Acompany borrowed $40,300 cash from the bank and signed a 3-year note at 10% annual interest. the present value of an annuity factor for 3 years at 10% is 2.4869. the present value of a single sum factor for 3 years at 10% is .7513. the annual annuity payments equal:

multiple choice

$30,277.39.

$16,204.91.

$40,300.00.

$53,640.36.

$100,222.07.

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Answers: 2

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Acompany borrowed $40,300 cash from the bank and signed a 3-year note at 10% annual interest. the pr...

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