A company borrowed money from a local bank. The note the company signed requires five annual installment payments of $12,000 not due for four years

The interest rate on the note is 7%

What amount did the company borrow?

(Please answer in excel =PV() format, have been fighting this question cannot get the correct answer)

Amount of each installment payment						$12,000
Interest rate						7%
Number of installment payments						5
Not due for						4	years
	Amount borrowed