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On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 5%, determine how much cash the company

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On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 5%, 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.)

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