A Company Owes 2 More Payments of $15,000 Each on an Instalment

Multiple Choice

A company owes 2 more payments of $15,000 each on an instalment purchase they made for a piece of equipment.One payment is due tomorrow and the last one a year from now.The company is going to offer the equipment manufacturer one lump-sum payment tomorrow for both payments.If interest rates are 8% compounded semi-annually, the amount the company should offer to pay tomorrow is closest to:

A) $28,227.
B) $28,868.
C) $28,888.
D) $30,000.