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Mathematics, 04.08.2019 09:20 1tzM3
Acompany purchased equipment and signed a 7-year installment loan at 9% annual interest. the annual payments equal $9,000. the present value of an annuity factor for 7 years at 9% is 5.0330. the present value of a single sum factor for 7 years at 9% is 0.5470. the present value of the loan is: a. $9,000 b. $4,923 c. $16,453 d. $63,000 e. $45,297
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Acompany purchased equipment and signed a 7-year installment loan at 9% annual interest. the annual...
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