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Caddis Company acquired a building with a loan that requires payments of $ 1 6 , 0 0 0 every six months for 3 years.

Caddis Company acquired a building with a loan that requires payments of $16,000 every six months for 3 years. The annual interest rate on the loan is 8%. What is the present value of the building? (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided.)
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