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On January 1 , a company agrees to pay $28,000 in three years. If the annual interest rate is 5%, determine how much cash the

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On January 1 , a company agrees to pay $28,000 in three years. If the annual interest rate is 5%, determine how much cash the company can borrow with this agreement. (PV of \$1. EV of \$1. PVA of \$1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

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