Calculate the present value of the loan

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Question - A company must repay the bank a single payment of $49,000 cash in 5 years for a loan it entered into. The loan is at 10% interest compounded annually. The present value factor for 5 years at 10% is .6209. The present value of an annuity factor for 5 years at 10% is 3.7908. Calculate the present value of the loan?

Reference no: EM132536547

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