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Help Save & Exit Subm A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of an annulty

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Help Save & Exit Subm A company borrowed cash from the bank by signing a 6-year, 6% installment note. The present value of an annulty factor at 6% for 6 years is 4.9173. The present value of a single sum at 6% for 6 years is 7050. Each annual payment equals $75,200. The present value of the note is: Multiple Choice $369,780.96. $15,292.95. $451,200.00 $45,878.84. $106,666.67

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