How much cash the company can borrow with the agreement

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Problem 1: On January 1, a company agrees to pay $20,000 in ten years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Reference no: EM132804500

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