Pockets lent $38,000 to Lego Construction on January 1, 2021. Lego signed a three year, 6% installment note to be paid in three equal payments at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the amount of ene installment payment. (Round your final answer to the nearestE whole dollar.) Installment payment

Pockets lent $38,000 to Lego Construction on January 1, 2021. Lego signed a three year, 6% installment note to be paid in three equal payments at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the amount of ene installment payment. (Round your final answer to the nearestE whole dollar.) Installment payment

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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