Crowe Company Has Acquired a Building with a Loan That

Multiple Choice

Crowe Company has acquired a building with a loan that requires payments of $20,000 every six months for five years.The annual interest rate on the loan is 12%.What is the present value of the building?

A) $72,096
B) $113,004
C) $147,202
D) $86,590
E) $200,000