What is the present value of an annuity, Accounting Basics

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What is the present value of an annuity

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 for 7 years at 9% is 5.0330. The present value of the loan is: Question 8 options: A-$9,000. B-$5,033. C-$63,000. D-$57,330. E-$45,297.

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Accounting Basics: What is the present value of an annuity

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Accounting Basics: What is the present value of an annuity

Reference No:- TGS0670545

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Recent Questions Asked Accounting Basics

Q : What is return on stockholders equity

Q : Value v of the unlevered firm

Q : What is the amount of gross trade accounts receivable

Q : Value v of the unlevered firm

Q : What is the present value of an annuity

Q : Find arithmetic and geometric average return for the period

Q : What types of non-current assets are carried on balance

Q : What is the current market rate

Q : What dividend payout ratio was assumed in calculation

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the present value of an annuity

Reference No:- TGS0670545

Recent Questions Asked Accounting Basics

Q : What is return on stockholders equity

Q : Value v of the unlevered firm

Q : What is the amount of gross trade accounts receivable

Q : Value v of the unlevered firm

Q : What is the present value of an annuity

Q : Find arithmetic and geometric average return for the period

Q : What types of non-current assets are carried on balance

Q : What is the current market rate

Q : What dividend payout ratio was assumed in calculation

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