Pelcher Company Acquires a Machine by Issuing a Note That $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 6

Multiple Choice

Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $4,000 for 3 years.The interest rate on the note is 10% compounded semiannually.What is the cost of the machine? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$17,421.20
• B)$20,302.80
• C)$10,892.80
• D)$ 9.947.41
• E)$24,000.00

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Definitions:

Physical Differences

Variations in the bodily characteristics among individuals or groups.

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A socially constructed category based on physical characteristics, ancestry, historical affiliation, or shared culture, often used to classify humans.

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Variations in the DNA sequences among individuals that contribute to the biological diversity of organisms.

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