Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 What amount can you borrow if you make seven semiannual payments of $4,000 at an 8% annual rate of interest?
A)$28,000.00
B)$25,760.00
C)$31,049.00
D)$24,008.40
E)$35,691.20

Question

Present Value of 1  Future Value of 1  Present Value of an Annuity of 1  Future Value of an Annuity of 1  What amount can you borrow if you make seven semiannual payments of $4,000 at an 8% annual rate of interest?
A)$28,000.00 
B)$25,760.00 
C)$31,049.00 
D)$24,008.40 
E)$35,691.20

Quizplus · Accepted Answer

The Answer of Present Value of 1  Future Value of 1  Present Value of an Annuity of 1  Future Value of an Annuity of 1  What amount can you borrow if you make seven semiannual payments of $4,000 at an 8% annual rate of interest?
A)$28,000.00 
B)$25,760.00 
C)$31,049.00 
D)$24,008.40 
E)$35,691.20