Business, 28.04.2021 22:50 itsseand23
Sparky, Inc., performs services for ABC Company on January 1, 2020 and accepts a $329,911, 6%, six-year note from their client. The note requires ABC to make semi-annual loan payments of principal and interest each June 30th and December 31st with the first payment to be received on June 30, 2020. What is the amount of each payment? Note: PVOA(3%, 12n) = 9.954 PVOA(6%, 12n) = 8.384 PV$1 (3%, 12n) = 0.701 PV$1 (6%, 12n) = 0.497
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Sparky, Inc., performs services for ABC Company on January 1, 2020 and accepts a $329,911, 6%, six-y...
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