Calculate the present value of the note receivable using a 15 % interest rate. (5 years). Using the present value of the note as the only economic benefit received, recalculate the gain or loss on the transaction. (note receivables: 8,000,000, asset: 5,100,000, gain 2,900,000)
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- Determine the present value of a $3,500 perpetuity if the interest rate is 7%. If interest rates were to double to 14%, calculate the present value.Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) $25,000 Need Help? 8.6 Read Time Interest years. $10,750Classify the financial problem. Assume a 9% interest rate compounded annually. Deposit $200 at the end of each year. What is the total in the account in 10 years? A. sinking fundB.present value C.amortizationD. ordinary annuityE. future value Answer the question. (Round your answer to the nearest cent.)
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