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38. Pelcher Company acquired a machine by issuing a note that requires semiannual payments of $4,000 for 3 years. The interest rate on the note

38.

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Pelcher Company acquired 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 (Use appropriate factor(s) from the tables provided.) Multiple Choice $17,421.20 $10,892.80 $9.947.41 $24,000.00 $20,302.80

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