Exercise B$-2($Algo$)$ Present value of an amount LO P$1$

On January $1,$ a company agrees to pay $$28,000$ in ten years. If the annual interest rate is $1\%,$ determine how much cash the company can borrow with this agreement. $($PV of $$1,FV$ of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

$\backslash$table$[[$Future Value,,Table Factor,,Amount Borrowed$],[,,,=?,]]$