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A company purchased equipment and signed a 3-year installment loan at 8% annual interest. The annual payments equal $10,300. The present value of an annuity

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A company purchased equipment and signed a 3-year installment loan at 8% annual interest. The annual payments equal $10,300. The present value of an annuity factor for 3 years at 8% is 2.5771. The present value of a single sum factor for 3 years at 8% is 7938. The present value of the loan is Multiple Choice o ,76. o $30,900. o O stooo. o O s26. o 312,976

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