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Business, 30.07.2021 04:10 iamsecond235p318rq

A company must repay the bank $10,000 cash in three years for a loan. The loan agreement specifies 8% interest compounded annually. The present value factor for three years at 8% is 0.7938. How much cash did the company receive from the bank on the day they borrowed this money? A. $12,400.
B. $9,200.
C. $7,938.
D. $7,600.
E. $10,000.

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A company must repay the bank $10,000 cash in three years for a loan. The loan agreement specifies 8...
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