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A Company borrowed money from a local bank. The note the company signed requires five annual Installment payments of $19,500 not due for three years.

image text in transcribed A Company borrowed money from a local bank. The note the company signed requires five annual Installment payments of $19,500 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 financlal calculator. Round your intermedlate and final answers to nearest whole dollar amount. (FV of

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