Crane Company receives a $86,000, 5-year note bearing interest
of 5% (paid annually) from a customer at a time when the discount
rate is 6%.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What is the present value of the note received by Crane?
(Round answer to 2 decimal places, e.g.
25.25.)
Present value of note received |
$enter the present value of the note received in dollars rounded to 2 decimal places |
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Crane Company receives a $86,000, 5-year note bearing interest of 5% (paid annually) from a customer...
Ivanhoe Company receives a $77,000, 5-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Ivanhoe? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received
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