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On January 1, 2016, a company agrees to pay $25,000 in eight years. If the annual interest rate is 2%, determine how company can borrow
On January 1, 2016, a company agrees to pay $25,000 in eight years. If the annual interest rate is 2%, determine how company can borrow with this agreement. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) provided. Round "Table Factor" to 4 decimal places.) much cash the 5 ints Amount Borrowed Table Factor Hint
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