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Exercise B-2 (Algo) Present value of an amount LO P1 On January 1, a company agrees to pay $23,000 in ten years. If the annuat

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Exercise B-2 (Algo) Present value of an amount LO P1 On January 1, a company agrees to pay $23,000 in ten years. If the annuat interest rate is 6%, determine how much cash the company can borrow with this agreement. (PV of \$1. EV of \$1. PVA. of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

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