A company borrowed money from a local bank. The note the company signed requires five annual installment payments of $$10,000$ beginning one year from today. The interest rate on the note is $9\%.$ What amount did the company borrow?

Amount of each installment payment

Interest rate

Number of years

Amount borrowed

Formula must include the $=$ PV function and return a POSITIVE value

Students: 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. Nothing in this area will be graded, but it will be submitted with your assignment.