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On January 1, a company agrees to pay $16,000 in six years. If the annual interest rate is 6%, determine how much cash the company

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On January 1, a company agrees to pay $16,000 in six years. If the annual interest rate is 6%, determine how much cash the company can borrow with this agreement. (PV of $1. FV of $1. PVA of $1. and EVA of $.1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Table Factor Future Value S 16,000 Amount Borrowed

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