Peabody Corporation purchased equipment and in exchange signed a three-year promissory note.The note requires Peabody to make a single payment of $20,000 in three years. Peabody has otherpromissory notes that charge interest at the annual rate of 6 percent.Required:1. Compute the present value of the note, rounded to the nearest dollar, using Peabody’s typicalinterest rate of 6 percent.2. Show the journal entry to record the equipment purchase (round to the nearest dollar).

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.