Pelcher Company Acquires a Machine by Issuing a Note That $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Multiple Choice

Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $4,000 for 3 years.The interest rate on the note is 10% compounded semiannually.What is the cost of the machine? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

A) $17,421.20
B) $20,302.80
C) $10,892.80
D) $ 9.947.41
E) $24,000.00