Question: use excel formulas to get the answer! must use cells given! A company borrowed money from a local bank. The note the company signed requires

use excel formulas to get the answer! must use cells given!

A company borrowed money from a local bank. The note the company signed requires five annual installment payments of 530,000 beginning immediately. The interest rate on the note is 9%. What amount did the company borrow? Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. A company borrowed money from a local bank. The note the company signed requires five annual installment payments of 530,000 beginning immediately. The interest rate on the note is 9%. What amount did the company borrow? Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment

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