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

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