What Amount Can You Borrow If You Make Six Quarterly $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 81

Multiple Choice

What amount can you borrow if you make six quarterly payments of $4,000 at a 12% annual rate of interest? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$24,838.00
• B)$21,668.80
• C)$31,049.00
• D)$40,000.00
• E)$44,800.00

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