Crown Corporation
Crown Corporation has agreed to sell some used computer equipment to Bob Parsons,one of the company's employees,for $5,000.
Refer to Crown Corporation.If Crown offers to accept a $1,000 down payment and set up a note receivable for Bob Parsons that calls for four $1,000 payments at the end of each of the next 4 years and Crown uses a 6 percent discount rate,what is the present value of the note?

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The Answer of Crown Corporation
Crown Corporation has agreed to sell some used computer equipment to Bob Parsons,one of the company's employees,for $5,000.
Refer to Crown Corporation.If Crown offers to accept a $1,000 down payment and set up a note receivable for Bob Parsons that calls for four $1,000 payments at the end of each of the next 4 years and Crown uses a 6 percent discount rate,what is the present value of the note?

Crown Corporation Crown Corporation Has Agreed to Sell Some Used Computer Equipment