Accounting Question? (3) Multiple Choice?

A company borrowed $300,000 cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity at 8% for 5 years is 3.9927. Each annuity payment equals $75,137. The present value of the note is:

a) $75,137
b) $94,013
c) $300,000
d) $375,685
e) $1,197,810

show work please…. thank you.

One Reply to “Accounting Question? (3) Multiple Choice?”

  1. Sorry do your own home work or ask the teacher. that way you will learn how to do the problem, which may in fact come in handy sometime in your future.

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