Answer:
<em>Present Value of he note 937,525</em>
Explanation:
We do factor times annuity to get the PV of the annuity
3.9927 x 75,000 = 299,452.5
Then, we do payment over rate to know which principal generates this amount of interest
75,000/0.08 = principal = 937,500
And then we calcualte the PV of paying the principal in the future
937,500 x .6806 =638,062.5
Last step, we add both values together.
Principal present value 638,062.5 + Annuity Present value 299,452.5
<em>Present Value of he note 937,525</em>