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Brief Exercise A-15 Neymar Taco Company receives a $60,000, 4-year note bearing interest of 4%...

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Accounting

Brief Exercise A-15

Neymar Taco Company receives a $60,000, 4-year note bearing interest of 4% (paid annually) from a customer at a time when the discount rate is 6%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Neymar? (Round answer to 2 decimal places, e.g. 25.25.)

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