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DedPeter [7]
4 years ago
12

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. the present value of an annuity fa

ctor for 6 years at 7% is 4.7665.the present value of a single sum factor for 6 years at 7% is 0.6663. the annual annuity payments equal:
Business
1 answer:
Anna [14]4 years ago
6 0
The present value (PV) of an annuity of P equal periodic payments for n years at r% is given by:

PV=Pa_{n\rceil r}

where a_{n\rceil r} is the <span>present value of an annuity factor for n years at r%.

Given that </span>a<span> company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest and that the present value of an annuity factor for 6 years at 7% is 4.7665.

Then

40000=4.7665P \\  \\ P= \frac{40000}{4.7665} =8,391.90

Therefore, </span><span>the annual annuity payments equals $8,391.90</span>
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On January 1, 2014, Aumont Company sold 12% bonds having a maturity value of $500,000 for $537,907, which provides the bondholde
babunello [35]

Answer:

a) 37,907.

Kindly go through the attachment for the other answers requested for from the question.

Explanation:

The journal entry for the issuance of Bond = 37,907.

The journal Entry for Interest Payment and Amortization in 2014 are in the attached file. Kindly go through it for the illustration through which the answers are gotten.

8 0
3 years ago
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zalisa [80]
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3 years ago
Which group is the primary source of financial support that benefits all wildlife species?
VMariaS [17]

The group that is the primary source of the financial support needed for wildlife species is <u>Hunters</u>.

The main source of the financial support that the nation uses to fund wildlife conservation efforts to protect various wildlife species is hunting licenses.

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In conclusion, the answer is hunters.

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4 0
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What serves as collateral in a repurchase agreement? multiple choice question. the security itself there is no collateral a bund
Mila [183]

The security itself serves as collateral in a repurchase agreement.

Option A is correct

What is Repurchase Agreement ?

A short-term secured loan referred to as a repurchase agreement (repo) involves the sale of securities to a third party with an agreement to later repurchase those securities at a better price. The securities act as security. The interest paid on the loan, or repo rate, is that the difference between the securities' original purchase price and their repurchase price.

Reverse repurchase :

The exact opposite of a repo transaction is a reverse repurchase agreement (reverse repo). during a reverse repo, one party buys securities and promises to resell them for a profit at a later time, frequently as soon because the next day. Repo's are often overnight, although they will also be longer.

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brainly.com/question/13180759

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7 0
1 year ago
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