Question: I need help with this question Adam Baum Company borrowed $59.000 from B. A. Ware on January 12024 and signed a three year. 5% installment
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Adam Baum Company borrowed $59.000 from B. A. Ware on January 12024 and signed a three year. 5% installment note to be paid In three equal payments at the end of each year. The present value of an ordinary annuity of S1 for 3 periods at 5% is 272325 . Required: Calculate the amount of one installment payment: Note: Round your final answer to the nearest whole dollar
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