Answer:
1
Db Cash_____________________ 47.607,04
Cr Mortage payable__________________________47.607,04
2
Db Building____________________350.000
Db Land_______________________225.000
Cr Cash___________________________________575.000
Explanation:
Purchase 575000
Buildings 350000
Land 225000
Kahl
575000
Interest 15%
Monthly Payments 7364,78
1
Cash_____________________ 47.607,04
Mortage payable_____________________________ 47.607,04
PVOrdinary Annuity=C×[i1−(1+i)−n]/i
C=cash flow per periodi 7364,78
i=interest rate 15%
n=number of payments 25
PVOrdinary Annuity=7364,78×[i1−(1+15%)−25]/15%
PVOrdinary Annuity=47607,03