Intermediate II - Chapter 13 - 1 Liabilities

[@chief2632]

Thanks for posting these videos, it's nice to have something that goes right along with the book and explains it

[@linseyk5728]

I am currently taking this course... For the NON interest bearing question, my professor calculates the present value by doing the TVM calculation in the calculator. So based on your question it would be: FV = 700000 Interest=6% N=1 PV would equal $660,377.36 Interest would total $39,622.64... Intermediate financial accounting 2 13th edition also goes by the TVM calculation in their examples. The PRESENT VALUE times the interest should equal $700,000. For your example, $658,000 x 6% = $697,480. According to the textbook: $660,377.36 x 1.06% = $700,000

[@teyshawnbethea2769]

Thank you so much for this.

[@brendatrevino4320]

I LIKE YOUR VIDEOS, THANK YOU