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ew History Bookmarks Window Help 53% Sun 8-25 newconnect.mheducation.com Quiz 4-Ch 5 On September 30, 2018, The San Flligo Co
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Answer #1

The amount borrowed is calculated using the PV function:

=PV(rate,nper,pmt,fv,1)

=PV(8%,5,-14500,,1)

=62526

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