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On January 1, a company agrees to pay $12,000 in seven years. If the annual interest rate is 7%, determine how much cash the company

On January 1, a company agrees to pay $12,000 in seven years. If the annual interest rate is 7%, determine how much cash the company can borrow with this agreement. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Table Factor Amount Borrowed

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