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A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $14,000 beginning immediately. The interest rate

image text in transcribedimage text in transcribedimage text in transcribed A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $14,000 beginning immediately. The interest rate on the note is 7%. What amount did the company borrow? Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) FV of $1 FVA of $1 FVAD of $1 PV of $1 FVA of $1 FVAD of $1 PV of $1 PVA of $1 PVAD of $1

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