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Crank
3 years ago
11

What happens to price in normal backwardation?

Business
1 answer:
makkiz [27]3 years ago
5 0
I think it is when the price is lower then in the past. I am not sure.
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On December 30, 2005, Bart, Inc. purchased a machine from Fell Corp. in exchange for a non-interest bearing note requiring eight
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Explanation:

On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.

Note payable value = Present value of seven $20,000 payments

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The answer to the question stated above is letter A.

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ADDITIONAL INFORMATION ABOUT PLANNING SECTION
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