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A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $ 2 0 , 0 0
A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $ beginning one year from today. The interest rate on the note is
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tableeBookTable, Excel, or calculator function:,Payment:
What amount did the company borrow?
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
tableTable Excel, or calculator function:,Payment:
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