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On January 1 a company agrees to pay $29,000 in five years. If the annual interest rate is 10%, determine how much cash the company

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On January 1 a company agrees to pay $29,000 in five years. If the annual interest rate is 10%, determine how much cash the company can borrow with this agreement. ( PV of $1,FV of $1. PVA of $1, and (Use approprlate factor(s) from the tables provlded. Round "Teble Fector" to 4 declmel pleces.)

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