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6 A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value for an annuity (series of payments) at

6 A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value for an annuity (series of payments) at 6% for 6 years is 4.9173. The present value of 1 (single sum) at 6% for 6 years is 7050. Each annual payment equals $75,400. The present value of the note is: 01:23:37 Multiple Choice $370,764.42 $106,950.35. $452,400.00 $46,000.85. $15.333.62

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