Brief Exercise 5-9 (Algo) Present value; annuity due; 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 immediately. 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.) Table or calculator function: Payment Present Value Next >