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On January 1, a company agrees to pay $12,000 in eight years. If the annual interest rate is 4%, determine how much cash the company

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On January 1, a company agrees to pay $12,000 in eight years. If the annual interest rate is 4%, determine how much cash the company can borrow with this agreement. (PV of \$1, FV of $1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places

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