Sandhill Productions borrowed some money from the California Finance Company at a rate of 15.30 percent for a seven-year period. The loan calls for a payment of $1,641,000 each year beginning today. How much did Sandhill borrow? (Round factor values to 4 decimal places, e.g. 1.5214 and final answer to nearest whole dollar, e.g. 5,275.) Sandhill borrowed   $

Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 beginning immediately. The interest rate on the note is 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Round your final answers to nearest whole dollar amount.) Table/Calculator Function = Payment = n =  i =  Present Value =

The Sandhill Bar & Grill has a seven-year loan of $29,800 with Bank of America. It plans to repay the loan in seven equal installments starting today. If the rate of interest is 7.1 percent, how much will each payment be? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to 2 decimal places, e.g. 15.25.)   Sandhill Bar & Grill's payment   $

Hewlett Plastics Inc. received a loan of $51,000.00 at 3.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total amount of interest paid was $17,582.10.