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Help w deferred annuity A company borrowed $130,000 from a local bank. The loan requires 10 equal annual payments beginning one year from today. Assume
Help w deferred annuity 
A company borrowed $130,000 from a local bank. The loan requires 10 equal annual payments beginning one year from today. Assume an interest rate of 9%. What is the amount of each annual payment? Note: Use tables, Excel, or a financial calculator. Round your final answer to nearest whole dolfar amount. (FV ofS1, PV of S1, FVA of \$1. PVA of \$1, EVAD of \$1 and PVAD of \$1) Step by Step Solution
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
