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On January 1, a company agrees to pay $28,000 in five 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 $28,000 in five 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 FVA of $0) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Amount Borrowed Future Value Table Factor Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of 12%, compounded quarterly, The $6,800 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years? (PV of 51. FV of $1. PVA of S1, and EVA of 51) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor Total Accumulation Dave Krug finances a new automobile by paying $6700 cash and agreeing to make 20 monthly payments of $420 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Present Value of Table Factor Loan Table Values are Based on n Present Value of Loan Cash Down Payment Cost of the Automobile

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