Question: Accounting homework, please help. Can you please include how to do it. 20. A company borrowed $50,000 cash from the bank and signed a 6-year

Accounting homework, please help. Can you please include how to do it.

20. A company borrowed $50,000 cash from the bank and signed a 6-year note at 7%. The present value of an annuity for 6 years at 7% is 4.7665. The annual annuity payments equal $10,490. The present value of the loan is: A. $ 10,490. B. $ 11,004. C. $ 50,000. D. $ 52,450. E. $238,325

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