Brief Exercise 5-8 (Algo) Present value; ordinary annuity; installment notes [LO5-8, 5-10] Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $15,500 beginning one year from today. The interest rate on the note is 5%. (FV of $1. PV of $1. FVA of $1. PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Round your final answers to nearest whole dollar amount.) Answer is complete but not entirely correct. Table or calculator function: Payment PVA of $1 $ 15,500 n = 5 1= 5% Present Value: $ 69,830 etum to quesson