On june 8, alton co. issued an $88,500, 7%, 120-day note payable to seller co. assume that the fiscal year of seller co. ends june 30. using a 360-day year in your calculations, what is the amount of interest revenue recognized by seller in the following year? when required, round your answer to the nearest dollar.

What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695