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. Future Value Table Factor = Amount Borrowed

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