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Mining Company borrowed money from a local bankThe note the co of $19,000 beginning one year from today. The interest rate on the note is
Mining Company borrowed money from a local bankThe note the co of $19,000 beginning one year from today. The interest rate on the note is 7%
Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $19.000 beginning one year from today. The interest rate on the note is 7% (FV of $1. PV of S1. FVA of $1. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(e) from the tables provided.) What amount did Canliss borrow? (Round your final answers to nearest whole dollar amount.) Table or calculator function Payment n Prosent Value Step by Step Solution
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