Business, 22.04.2020 00:16 harleyandpope90

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity factor for 6 years at 7% is 4.7665. The present value of a single sum factor for 6 years at 7% is 0.6663. The annual payments equal: Multiple Choice $26,652.00. $8,391.90. $40,000.00. $60,033.02. $190,660.00.

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A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The pr...

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