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ABC Company acquires equipment by issuing a note that requires semiannual payments of $4,600 for 6 years. The interest rate on the note is 10%

ABC Company acquires equipment by issuing a note that requires semiannual payments of $4,600 for 6 years. The interest rate on the note is 10% compounded semiannually. What is the cost of the equipment?

$40,771.18

$19,976.92

$19,827.40

$55,200.00

$37,488.18

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