Crane Taco Company receives a $94.500, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Present value of note received $
Crane Taco Company receives a $94.500, 6-year note bearing interest of 8% (paid annually) from a customer at a time when the discount rate is 10%. Click here to view the factor table. What is the present value of the note received by Crane? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Present value of note received $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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