Multiple Choice
Crowe Company has acquired a building with a loan that requires payments of $20,000 every six months for 5 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
Correct Answer:
Verified
Correct Answer:
Verified
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