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Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $13,500 beginning one year
Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $13,500 beginning one year from today. The interest rate on the note is 6%.(FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment Present Value: n=
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