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5Please fill in exactly the same way as this form A Company borrowed money from a local bank. The note the company signed requires five
5Please fill in exactly the same way as this form
A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $14,000 beginning one year from today. The interest rate on the note is 7%. What amount did the company borrow? Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 ) Determine the present value of the following single amounts. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 )Step by Step Solution
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