Problem regarding present value of an annuity


Remy purchases a new machine by issuing an 1800 three-year not. the company will pay off the obligation by paying 6000 at the end of each year. the market rate for obligations of this type is 8%. the present value of an annuity at 8% for three periods is 2.577097. the machine will be recorded at a cost of ??

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Accounting Basics: Problem regarding present value of an annuity
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