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Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $14,000 beginning immediately. The interest

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Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $14,000 beginning immediately. The interest rate on the note is 7%. (FV of \$1, PV of \$1. FVA of \$1, PVA of \$1. FVAD 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.)

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