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28.You are considering an investment that promises to make 10 payments of $5,000. The payments will be made every two years. The only twist is
28.You are considering an investment that promises to make 10 payments of $5,000. The payments will be made every two years. The only twist is that the first payment will be
received in one year. If you required a return of 10% per year compounded semi-annually, how much would you be willing to pay for this investment?
A)$18,054.93
B)$23,046.22
C)$21,945.87
D)$16,445.31
E)$19,905.56
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