Question: please answer this using excel formula. thanks A company borrowed money from a local bank. The note the company signed requires five annual installment payments

please answer this using excel formula. thanks

A company borrowed money from a local bank. The note the company signed requires five annual installment payments of $12,000 not due for four years. The interest rate on the note is 7%. What amount did the company borrow? Amount borrowed Formula must indude the =PV function and return a postive value

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