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Current Attempt in Progress Pharoah Productions borrowed some money from the California Finance Company at...

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Accounting

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Current Attempt in Progress Pharoah Productions borrowed some money from the California Finance Company at a rate of 17.40 percent for a seven-year period. The loan calls for a payment of $1,591,000 each year beginning today. How much did Pharoah borrow?(Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.. 5,275.)

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