Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Accounting Posted 19 Jun 2017 My Price 2.00

Assume that Sonic Foundry Corporation has a contractual debt outstanding.

 

Assume that Sonic Foundry Corporation has a contractual debt outstanding.

Sonic has available two means of settlement. It can either make immediate payment of $2,600,000, or it can

make annual payments of $300,000 for 15 years, each payment due on the last day of the yea r .

 

Instructions

Which method of payment do you recommend, assuming an expected effective interest rate of 8% during the future period?

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 19 Jun 2017 12:06 PM My Price 2.00

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Attachments

file 1497875087-Answer.docx preview (13 words )
A-----------nsw-----------er:----------- -----------Imm-----------edi-----------ate----------- pa-----------yme-----------nt -----------= 2-----------600-----------000----------- Pr-----------ese-----------nt -----------Val-----------ue -----------of -----------Ann-----------ual----------- Pa-----------yme-----------nt -----------= (-----------300-----------000-----------/8%-----------)*(-----------1-(-----------1/(-----------1+8-----------%)^-----------(15-----------)) -----------=$2-----------567-----------843----------- -----------
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