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A company borrowed \$300000 cash from the bank by signing a 5-year 8% installment note The present value factor for an annuity at 8% for 5 years is

A company borrowed \$300,000 cash from the bank by signing a 5-year, 8% installment note. The present value factor for an annuity at 8% for 5 years is 3.9927. Each annuity payment equals \$75,137. The present value of the note is:  Show your calculations. A. \$75,137 B. \$94,013 C. \$300,000 D. \$375,685 E. \$1,197,810 Answer: Problem 21: A company issues at 9% bonds at par with a par value of \$100,000 on April 1, which is 4 months after the most recent interest date. How much total cash interest is received on April 1 by the bond issuer?  Show your calculations. A. \$750 B.

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Problem 19: A company borrowed \$300,000 cash from the bank by signing a 5-year, 8% installment note. The present value factor for an annuity at 8% for 5 years is 3.9927. Each annuity payment equals \$75,137. The present value of the note is:  Show your calculations. A. \$75,137 B. \$94,013 C. \$300,000 D. \$375,685 E. \$1,197,810 Answer: Problem 21: A company issues at 9% bonds at par with a par value of \$100,000 on April 1, which is 4 months after the most recent interest date. How much total cash interest is received on April 1 by the bond issuer?  Show your calculations. A. \$750 B. \$5,250 C. \$1,500 D. \$3,000 E. \$6,000

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