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A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $ 1 9 , 0 0
A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $
beginning immediately. The interest rate on the note is
What amount did the company borrow?
Note: Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
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