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A company borrowed cash from the bank and signed a 3-year note at 10% annual interest. The present value for an annuity (series of payments)

A company borrowed cash from the bank and signed a 3-year note at 10% annual interest. The present value for an annuity (series of payments) at 10% for 3 years is 2.4869. The present value of 1 (single sum) at 10% for 3 years is 0.7513. Each annual payment equals $8.600. The present value of the note is: Multiple Choice O $6,161.18, O $21.387.34. $16.003.00 $22.127.00 O O $52.971.00

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