How much cash did the company receive from the bank, Accounting Basics

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How much cash did the company receive from the bank

A company borrowed $300,000 cash from the bank by signing a five-year, 8% installment note. The present value factor for an annuity at 8% for five years is 3.9927. Each annuity payment equals $75,137. How much cash did the company receive from the bank on the day they borrowed this money?

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Accounting Basics: How much cash did the company receive from the bank

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Accounting Basics: How much cash did the company receive from the bank

Reference No:- TGS0696874

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the kinetic energy of the ball

Q : What would their gross income now be

Q : Why the machine is expected to last six years

Q : What is client''s target retirement income

Q : How much cash did the company receive from the bank

Q : What are specific ratios provided for giraldi enterprises

Q : Explain the reduce divisional roi

Q : Determine the amount of the supplies used as december

Q : What is the planned production for the month

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much cash did the company receive from the bank

Reference No:- TGS0696874

Recent Questions Asked Accounting Basics

Q : Determine the kinetic energy of the ball

Q : What would their gross income now be

Q : Why the machine is expected to last six years

Q : What is client''s target retirement income

Q : How much cash did the company receive from the bank

Q : What are specific ratios provided for giraldi enterprises

Q : Explain the reduce divisional roi

Q : Determine the amount of the supplies used as december

Q : What is the planned production for the month

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