Cullumber Productions borrowed some money from the California Finance Company at a rate of 13.90...
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Cullumber Productions borrowed some money from the California Finance Company at a rate of 13.90 percent for a seven-year period. The loan calls for a payment of $1,253,000 each year beginning today. How much did Cullumber borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.)
| Cullumber borrowed |
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