Russell Company Has Acquired a Building with a Loan That $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 47

Multiple Choice

Russell Company has acquired a building with a loan that requires payments of $20,000 every six months for 5 years.The annual interest rate on the loan is 12%.What is the present value of the building? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$72,096
• B)$113,004
• C)$147,202
• D)$86,590
• E)$200,000

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Definitions:

Evolution

The process through which species undergo genetic changes over generations, leading to the development of new species.

Common Ancestor

An ancestral form or species from which two different species or groups have evolved.

Humans

A species of bipedal primates, scientifically known as Homo sapiens, characterized by their ability to use complex language, make tools, and form complex social structures.

Chimpanzee

A species of great ape native to the forests and savannas of tropical Africa, known for their social behavior and intelligence.