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  3. present and future value tables of $1 at 11% are p

Present and future value tables of $1 at 11% are presented below. PVA of FVA...

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Present and future value tables of $1 at 11% are presented below. PVA of FVA of PV of $1 FV of $1 1 $1 $1 |1|0.90090 1.11000 0.90090 1.0000 |2|0.81162 1.23210 1.71252 2.1100 310.73119 1.36763 2.44371 3.3421 40.65873 1.51807 3.10245 4.7097 1510.59345 1.68506 13.69590 6.2278 160.53464 1.87041 4.23054 7.9129 On October 1, 2018, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest-bearing note payable in five equal annual payments of $610,000, beginning Oct 1, 2019. Similar borrowings have carried an 11% interest rate. The equipment would be recorded at: Multiple Choice O $2,580,629. O $3,050,000. O $2,714,500. o $2,254,499

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