<span>to ban slavery and other forms of servitude in the lands won from Mexico</span>
Answer:
$94,244
Explanation:
Data provided as per the question below:-
Note payable amount = $20,000
rate of interest = 11%
The computation of the present value of factors are shown below:-
Here we are using the annuity table of present value at 11% for 7 years
Present value of factors = Note payable amount × present value annuity factor
= $20,000 × 4.7122
= $94,244
<span>
$300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
