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Present and future value tables of 1 at 11% are presented below. 1 2 3...

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Present and future value tables of 1 at 11% are presented below. 1 2 3 ull PV of $1 FV of $1 PVA of $1 FVA of $1 0.90090 1.11000 0.90090 1.0000 0.81162 1.23210 1.71252 2.1100 0.73119 1.36763 2.44371 3.3421 0.65873 1.51807 3.10245 4.7097 0.59345 1.68506 3.69590 6.2278 0.53464 1.87041 4.23054 7.9129 6 Globe Life Inc. purchased a multi-color offset press with terms of $80,000 to be paid at the date of purchase, and a noninterest- bearing note requiring payment of $60,000 at the end of each year for three years. The interest rate implicit in the purchase contract is 11% Globe Life Inc. would record the asset at

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