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ON BACK NEXT Exercise 6-19 Your answer is incorrect. Try again. of $2,600,000, or it...

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Accounting

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ON BACK NEXT Exercise 6-19 Your answer is incorrect. Try again. of $2,600,000, or it can make annual payments of $300,000 for 15 years. Assume that Sonie Foundry corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can ether make immediate payment Payments must begin now and be made on the first day of each of the 15 years, what payment method would you recommend assuming interest rate of 8% during the future period? (Round factor values to S decimal places, eq. Present value of annual payment Recommended payment method Immediate Payment Click if you would like to Show Work for this question: Open Show Work 1.25124 and final answer to O decimal places, e.g. 458,581.)

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