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please show work. Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $17.500 beginning
please show work.
Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $17.500 beginning one year from today. The interest rate on the note is 9% (FV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Round your final answers to neerest whole dollar amount.) Step by Step Solution
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