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

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

(Future Value/Table Factor/Amount Borrowed)

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