Ivanhoe Company receives a $77,000, 5-year note bearing interest
of 11% (paid annually) from a customer at a time when the discount
rate is 9%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the present value of the note received by Ivanhoe?
(Round answer to 2 decimal places, e.g.
25.25.)
Present value of note received |
Present value of Note = Present value of interest+Present value of maturity
= (77000*11%*3.88965)+(77000*0.64993)
Present value of note = $82989.95
Ivanhoe Company receives a $77,000, 5-year note bearing interest of 11% (paid annually) from a customer...
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Crane Company receives a $86,000, 5-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 6%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Crane? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $enter the present value of the note received in dollars...
Crane Company receives a $61,200, 7-year note bearing interest of 12% (paid annually) from a customer at a time when the discount rate is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Crane? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $enter the present value of the note rounded to 2...
Sheridan Company receives a $79,300, 9-year note bearing interest of 10% (paid annually) from a customer at a time when the discount rate is 11%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Sheridan? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $enter the present value of the note rounded to 2...
CALCULATOR PRINTER VERSION BACK Brief Exercise G-16 Crane Company receives a $76,300, 6-year note bearing interest of 4% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the faster tables Click here to view the factor table 2 Click here to view the factor table 3 Click here to view the factor table 4. What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal...
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PRINTER VERLOR BACK Question Sandhill Co, receives a six-year, $55,000 note that bears interest (paid analy) from a customer at me when the market interest rate is what is the present value of the note receved by Sandhi? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg. 5. 275.25.) Click here to view the factor table PRESENT VALUE OF 1. Gick here to view the factor table...
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