A company borrowed money from a local bank. The note the company signed requires five annual installment payments of 30,000 beginning immediately. The interest rate on the note is 9%. What amount did the company borrow? Amount of each installment payment Interest rate Number of years $30,000 9% 5 Amount borrowed $116,689.54 Formula must include the PV function and return a POSITIVE value tudents: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. lothing in this area will be graded, but it will be submitted with your assignment. III Graded Worksheet +