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A company purchased equipment and signed a 6-year installment loan at 10% annual interest. The annual payments equal $9,100. The present value for an annuity

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A company purchased equipment and signed a 6-year installment loan at 10% annual interest. The annual payments equal $9,100. The present value for an annuity (series of payments) at 10% for 6 years is 4.3553. The present value of 1 (single sum) for 6 years at 10% is.5645. The present value of the loan is: Multiple Choice O $9,100. O $5,137 O $16,120 $54,600

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