A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $$17,000$ not due for three years. The interest rate on the note is $8\%.$

What amount did the company borrow?

Note: Use tables, Excel, or a financial calculator. Round your intermediate and 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)$

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