Business, 07.04.2020 22:25 tayjohnson0042

A company 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 for 7 years at 9% is 5.0330. The present value of the loan is:

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A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual...

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