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A company purchased equipment and signed a 5 year installment loan at 10% annual interest. The annual payments equal Sn 00 The present value of

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A company purchased equipment and signed a 5 year installment loan at 10% annual interest. The annual payments equal Sn 00 The present value of an annuity factor for 5 years at 10% is 3 7908. The present value of a single sum factor for 5 years at 10% s 6209. The present value of the loan is: 0/5 points ?warded Multiple Choice $11,500 $7140 518,522 $57500 43.594 Type here to search

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