Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April...

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Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April 30, 2016, by promising to m

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Answer 1

Answer #1

1.

Periodic Cash flow	X	Table Factor	=	Present Value
$26,000	x	3.9020	=	$101,452

2.

Periodic Cash flow	X	Table Factor	=	Present Value
$26,000	x	3.7171	=	$96,644.6

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Answer 2

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Exercise B-11 Present value with semiannual Compounding LO C1, P3 Otto Co. borrows money on April...

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