A company is considering an investment that will return $22,000 semiannually at the end of each semiannual period for 4 years.If the company requires an annual return of 10%,what is the maximum amount it is willing to pay for this investment? (PV of $1,FV of $1,PVA of $1,and FVA of $1)
A) Not more than $69,738
B) Not more than $139,476
C) Not more than $88,000
D) Not more than $142,190
E) Not more than $176,000
Correct Answer:
Verified
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