Present value of an annuity due: Grant Productions borrowed some money from the California Finance Company at
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Present value of an annuity due: Grant Productions borrowed some money from the California Finance Company at a rate of 17.5 percent for a seven-year period. The loan calls for a payment of
$1,540,862.19 each year beginning today. How much did Grant borrow?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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