Question: Help Save & Exit Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000

Help Save & Exit Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 beginning today. The interest rate on the note is 7%. What amount did Canliss borrow? Multiple Choice $43,872 $50,000 None of the above $41,002

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