A Company Is Considering an Investment That Will Return $20,000

Multiple Choice

A company is considering an investment that will return $20,000 at the end of each semiannual period for four years.If the company requires an annual return of 10%,what is the maximum amount it is willing to pay for this investment?

A) Not more than $63,398
B) Not more than $126,796
C) Not more than $80,000
D) Not more than $129,264
E) Not more than $160,000