Present and Future Value Tables of $1 at 11% Are

question 13

Multiple Choice

Present and future value tables of $1 at 11% are presented below.

-Polo Publishers purchased a multi-color offset press with terms of $50,000 to be paid at the date of purchase, and a noninterest-bearing note requiring payment of $20,000 at the end of each year for five years. The interest rate implicit in the purchase contract is 11%. Polo would record the asset at:

• A) $73,918.
• B) $123,918.
• C) $130,000.
• D) $169,560.

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Definitions:

Pintle Hooks

A type of tow hitch that uses a pin and hook mechanism to connect trailers to towing vehicles, often used for heavy or industrial towing.

Hydraulic Buffers

Devices that use hydraulics to absorb energy from impacts or collisions, often used in industrial applications to reduce shock and vibrations.

Pneumatic Buffers

Tools powered by compressed air used for polishing surfaces or buffing out scratches, commonly used in automotive and manufacturing applications.

Truck Frame

A structural component of a truck, consisting of a rigid structure that supports the engine, body, and cargo area.