Question: Heipsa Brief Exercise 5-8 (Static) Present value; ordinary annuity; installment notes (L05-8, 5-10) Canliss Mining Company borrowed money from a local bank The note the

Heipsa Brief Exercise 5-8 (Static) Present value; ordinary annuity; installment notes (L05-8, 5-10) Canliss Mining Company borrowed money from a local bank The note the company signed requires five annual installment payments of $10,000 beginning one year from today. The interest rate on the note is 7% EV of $1. PV of $1. EVA of $1. PVA of $1. FVAD OL$1 and PVAD. L.$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 of 11 Next > $ e 900 o search

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