Deferred Payment Contracts
July 19th, 2019
Needing someone to help me determine the PV regarding deferred payments on Notes Payable for equipment. I need to know HOW not just the answer. You don’t need to answer anything conceptual or what to Dr or Cr. I know I messed up on the Discount on N/R (Should be Dr not Cr)
I used 5 years at 11% = 3.69590
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