Remy Purchases a New Machine by Issuing an $18, 000

Remy purchases a new machine by issuing an $18, 000 three-year note.The company will pay off the obligation by paying $6, 000 at the end of each year.The market rate for obligations of this type is 8%.The present value of an annuity at 8% for three periods is 2.577097.The machine will be recorded at a cost of

A) $ 6, 000.00
B) $ 9, 462.58
C) $15, 462.58
D) $18, 000.00