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A company purchased equipment and signed a 7year installment loan at annual interest. The annual payments equal $9.000. The present value for an annuity series

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A company purchased equipment and signed a 7year installment loan at annual interest. The annual payments equal $9.000. The present value for an annuity series of payments at 9 for 7 years is 5.0330. The present value of 1 (single sum for 7 years at % is 05470. The present value of the loan is $16,453 563.000 19,000 O 54,923 545.297

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