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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