Saved Help Save & Exit Submit A company must repay the bank a single payment of $37,000 cash in 5 years for a loan it entered into. The loan is at 6% interest compounded annually. The present value of 1 (single sum) at 6% for 5 years is 7473. The present value of an annuity (series of payments) at 6% for 5 years is 4.2124. The present value of the loan (rounded) is: Multiple Choice $27,650. $155,859. $37,000. $41,326. $8,784