Homework Answers
The correct Answer = 8%
PV factor = $92700 / $ 136207 = 0.68058....
If you go through factor table of Present value of $1 for 8% for 5th year. the Present value factor will be 0.68058....
$136207 is a future value.
Present value is $ 92,700
Hence, $ 136207 x 0.68058 = $ 92,700
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Exercise 6-9 Headland Company purchased a machine at a price of $92,700 by signing a note...
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the first picture is blurry Brief Exercise 6-16 Henry Taylor is settling a $21.320 loan due...
the first picture is blurry
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Kingbird Company purchased a machine at a price of $96,100 by signing a note payable, which requires a single payment of $151,215 in 4 years. Click here to view factor tables Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to decimal places, s. 13%) Rate of interest
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12
Tamarisk Company purchased a machine at a price of $109,700 by signing a note payable, which requires a single payment of $132,737 in 2 years. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round answer to 0 decimal places, e.g. 52%.) Rate of interest % LINK TO...
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the first picture is blurry
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