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On Jan 1st, 2020 Border Company purchased land that cost $240,000. The company signed a...

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On Jan 1st, 2020 Border Company purchased land that cost $240,000. The company signed a $240,000 note payable that specified four equal annual payments (at each year-end), each of which includes a payment on the principal and interest on the unpaid balance at 10% per annum. What is the amount of each equal payment (round your answer to the nearest whole dollar amount)? (Use excel or appropriate factor(s) from the tables provided. Your answer can be within $2 of the choices listed and be correct.) $75,713 $51,713. $760,768. $163,923. Question 16 2 pts Libby Company purchased equipment by paying $5,000 cash on the purchase date and agreed to pay $8600 every six months during the next four years. The first payment is due six months after the purchase date. Libby's incremental borrowing rate (i.e. the effective rate) is 10%. The equipment reported on the balance sheet as of the purchase date is closest to: (Use excel or appropriate factor(s) from the tables provided. Your answer can be within $2 of the choices listed and be correct.) $27,261. $32,261. $55,584. $60,584

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