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What the present value of the loan

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Question - A company must repay the bank a single payment of $32,000 cash in 4 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value of 1 (single sum) at 10% for 4 years is .6830. The present value of an annuity (series of payments) at 10% for 4 years is 3.1699. What the present value of the loan?

a. $21,856.

b. $32,000.

c. $29,855.

d. $10,095.

e. $101,437.

Reference no: EM133037461

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