Question: Exercise B-2 (Static) Present value of an amount LO P1 On January 1, a company agrees to pay $20,000 in three years. If the annual

Exercise B-2 (Static) Present value of an amount LO P1 On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the company can borrow with this agreement. (PV of \$1, FV of \$1, PVA of \$1, and (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

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