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Accenture Corporation borrowed $300,000 from the bank by signing a 5-year, 8% installment note. The present value of an annuity factor at 8% for 5

Accenture Corporation borrowed $300,000 from the bank by signing a 5-year, 8% installment note. The present value of an annuity factor at 8% for 5 years is 3.9927. To the nearest dollar, the annual payment is Select one: A. $24,000 B. $60,000 C. $19,964 D. $75,137 E. $37,500

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