Business, 06.08.2021 16:00 caplode7497

A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity factor at 8% for 5 years is 3.9927. Each annual payment equals $75,000. The present value of the note is:. a. $56,352.84
b. $92,921.41
c. $299,452.50
d. $187,842.81

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A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value of...