What amount can you borrow if you make seven semiannual payments of $4,000 at an 8% annual rate of interest? (PV of $1,FV of $1,PVA of $1,and FVA of $1)
A) $28,000.00
B) $25,760.00
C) $31,049.00
D) $24,008.40
E) $35,691.20
Correct Answer:
Verified
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