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Saved Help Save&Exits A company purchased equipment and signed a 4-year installment loan at 9% annual interest. The annual payments equal $11.800 The present value

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Saved Help Save&Exits A company purchased equipment and signed a 4-year installment loan at 9% annual interest. The annual payments equal $11.800 The present value of an annuity factor for 4 years at 9% is 3.2397. The present value of a single sum factor for 4 years at 9% is 7084. The present value of the loan is. Multiple Choice $11,800. $8,359. $16,657 $47,200 $38.228 Next> ?Prev 2of 10111

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