quanharris2k19
06.05.2020 •
Business
Use Present Value Tables or your calculator to complete the requirements below. Abarca Enterprises signed notes to make the following two purchases on January 1, 2020: a new truck for $60,000, with payment deferred until December 31, 2021. The appropriate interest rate is 9% compounded annually. a small building from Edinburgh Construction. The terms of the purchase require a $75,000 payment at the end of each quarter, beginning March 31, 2020, and ending June 30, 2022. The appropriate interest rate is 2% per quarter.
Complete the information needed to prepare a cash flow diagrams for these two purchases.
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