Join the IDNLearn.com community and start finding the answers you need today. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.
Answer:
the amount that should be paid is $11,292
Explanation:
The computation of the amount that should be paid is shown below:
Present worth is
= $10,000 + $75(P/A, 6%, 10) + $25(P/G, 6%, 10)
= $10,000 + $75 × 7.3601 + $25 × 29.6023
= $11,292
Hence, the amount that should be paid is $11,292
We simply applied the above calculation