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Tasya [4]
2 years ago
10

What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now

and the last payment is received 22 years from now?
Business
1 answer:
Alik [6]2 years ago
4 0
<span>7% of $2,825.00 is equal to $197.75. 22 minus 9 equals 13 years. 13 times $197.75 is equal to the present value $2,570.75.</span>
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Harman [31]

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7 0
2 years ago
Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $4. Depreciatio
galina1969 [7]

Answer:

Using the adjusted balances, give the closing entry for the current year.

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1  

Db Insurance expense  6000  

Cr Prepaid expenses           6000

 

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Cr Cash                                4000

 

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Db Income tax expense 7000  

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3 0
2 years ago
Read 2 more answers
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