dirttrackr75
04.07.2020 •
Business
A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annual payments equal $11,600. The present value of an annuity factor for 5 years at 10% is 3.7908. The present value of a single sum factor for 5 years at 10% is .6209. The present value of the loan is:
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Ответ:
The present value of the loan is $43,973.98
Explanation:
In order to calculate the present value of the loan we would have to make the following calculation:
Present value of the loan=annual payments*present value of an annuity factor for 5 years at 10%
annual payments=$11,600
present value of an annuity factor for 5 years at 10%=3.7908
Therefore, Present value of the loan=$11,600*3.7908
Present value of the loan=$43,973.98
The present value of the loan is $43,973.98
Ответ: