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Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual Installment payments of $12.500 not due for three

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Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual Installment payments of $12.500 not due for three years. The interest rate on the note is 9% (EV of $1. P of $1. EVA $1. PVA $1. EVAD of $1 and PVAD LS1) (Use appropriate foctor(s) from the tables provided.) What amount did Canliss bottow? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) tep 1: Calculate the PV of the Ordinary Annuity Component Payment 12,500 - Present Value tep 2 Court the Annuity to Single Sum Pro

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