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5. Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5,500 for 5 years. The interest rate on the note

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5. Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5,500 for 5 years. The interest rate on the note is 12% compounded semiannually. What is the cost of the machine? (PV of $1. FV of S1. PVA of $1, and FVA 051(Use appropriate factor(s) from the tables provided.) 151 Multiple Choice $36,538.35 $40.480.55 $18,149.40 O $19.834.51 $55.000.00

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