Calculate the present value of the receivable

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Q1. The company sells products to a customer for $60,000, and will receive $10,000 at the end of each of the six years. The market interest rate is 6%. Please calculate the present value of the receivable (compounding annually and rounded to the nearest dollar).

Q2. The company sells products to a customer for $60,000, and will receive $10,000 at the beginning of each of the six years. The market interest rate is 6%. Please calculate the present value of the receivable (compounding annually and rounded to the nearest dollar).

Q3. The company sells products to a customer for $60,000, and will receive $15,000 at the end of the second to fifth years. The market interest rate is 6%. Please calculate the present value of the receivable (compounding annually and rounded to the nearest dollar).

Reference no: EM132783304

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