HdG, Inc. accepts a $500,000, 5% note from Aberdeen Unlimited on April 1, 2019, and lends money to Aberdeen. Aberdeen agrees to pay 5 equal annual payments on this note beginning March 31, 2020. The market rate at the date of issuance of this note was 5%. What is the annual payment that HdG will receive for this note?

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The Answer of HdG, Inc. accepts a $500,000, 5% note from Aberdeen Unlimited on April 1, 2019, and lends money to Aberdeen. Aberdeen agrees to pay 5 equal annual payments on this note beginning March 31, 2020. The market rate at the date of issuance of this note was 5%. What is the annual payment that HdG will receive for this note?

HdG, Inc Accepts a $500,000, 5% Note from Aberdeen Unlimited on on April