Business, 19.05.2021 18:30 DragonLovely

A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of an annulty factor at 6% for 6 years is 4.9173. The present value of a single sum at 6% for 6 years is 7050. Each annual payment equals $75,200. The present value of the note is: M a. $369,780.96.
b. $15,292.95.
c. $451,200.00
d. $45,878.84.
e. $106,666.67

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A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of...

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