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

question 83

Multiple Choice

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) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$28,000.00
• B)$25,760.00
• C)$31,049.00
• D)$24,008.40
• E)$35,691.20

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