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A company must repay the bank a single payment of $30,000 cash in 3 years...

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Accounting

A company must repay the bank a single payment of $30,000 cash in 3 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 3 years at 10% is 0.7513. The present value of the loan (rounded) is:

Multiple Choice

-$27,000.

-$22,539.

-$39,000.

-$30,000.

-$21,000.

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