Solved: The present value of an annuity factor for 7 years at 9 is, Accounting Basics

+44 141 628 6080
[email protected]

The present value of an annuity factor for 7 years at 9 is

Question - A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The present value of an annuity factor for 7 years at 9% is 5.0330. The present value of a single sum factor for 7 years at 9% is 0.5470. The present value of the loan is:

$9,000.

$4,923.

$16,453.

$63,000.

$45,297.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The present value of an annuity factor for 7 years at 9 is

Reference No:- TGS02529856

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

Discuss children diagnosed with developmental disabilities

When Min decided to begin his supervised field experience, he applied at a company in his hometown that provided applied behavior analysis

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

How ensure that the youth understand what study involves

What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

How we perceive objects in the real world

Suppose that a group of researchers would like to explore how we perceive objects in the real world, rather than just in a laboratory

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The present value of an annuity factor for 7 years at 9 is

Reference No:- TGS02529856

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Straker industries estimated its short-run costs using a

Q : Why cant gross national income be directly used as a

Q : Suppose a certain site has a mcdonalds restaurant on it

Q : Dyslexia is a problem associated with reading and writing

Q : The present value of an annuity factor for 7 years at 9 is

Q : List three public policies that can facilitate economic

Q : We will also take a look this week at the concept of

Q : In addition the nations technology and resource

Q : Discuss how the cost flow method affects what is recorded