Question: A company borrowed $ 3 0 0 , 0 0 0 cash from the bank by signing a 5 - ycar, 8 % installment note.

A company borrowed $300,000 cash from the bank by signing a 5-ycar, 8% installment note. The present value factor for an annuity at 8% for 5 years is 3.9927. Fach manaity pryment equals 575,137. The present value of the note is:
$1,197,810
$75,137
$300,000
$94,013
$375,685
A company borrowed $ 3 0 0 , 0 0 0 cash from the

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