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You are told that a note has repayment terms of $900 per quarter for 6...

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Accounting

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You are told that a note has repayment terms of $900 per quarter for 6 years, with a stated interest rate of 49 . How much of the total payment is for principal, and how much is for interest? Calculate using (a) financial calculator or (b) Excel function PV. (Round answers to 2 decimal ploces, es. 5,275,25. Total payment for principal Totalinterest Determine if the total interest will be higher or lower than with an annual payment. The total interest will be than with an annual payment. Crane Company must perform an impairment test on its equipment. The equipment will produce the following cash flow: Yoar 1 . $38,000; Year 2,\$46,000; Year 3,\$55,000. The discount rate is 10%. What is the value in use for this equigment? Use the present value table in your calculation. (For calculation pumposes, use 5 decimal ploces as disployed in the foctor table provided Round final answer to 2 declmal ploces, es 5,275.25) Click here to view the factor table PRESENT VALUE OE 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITYOF 1. Value in use

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