A company borrowed cash from the bank by signing a 5-year, 7% installment note. The present value for an annuity (series of payments) at 7% for 5 years is 4.1002. The present value of 1 (single sum) at 7% for 5 years is 7130. Each annual payment equals $77,300. The present value of the note is: Multiple Choice 0 $108,415.15 O 518,852.74 $316.945.46 56 55A 22 Multiple Choice $108,415.15. 21 $18,852.74 $316,945.46 $56,558.22 $386.500.00