Problem
Green Sky is a merchandising company that sells Italian made air purifiers. The company sold Purifiers to Costa Desoul Café. After negotiation Green Sky accepted the 6-year E50,000 note receivable in exchange with a stated rate of 10% paid semiannually. The effective market rate of return is 7%.
Requirements:
Follow the Project Outline to complete the following:
a) Calculate the present value of the note receivable.
b) Prepare a Schedule of Note Amortization for the Company.
c) Print the data, PV calculated, and the Amortization schedule once in a normal view and once in formula view. (please check all margins when printing)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.