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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
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%. (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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) 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%. (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? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)
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