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

Pelcher Company acquired 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 $1. PVA of S1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $18.149.40 $36.538.35

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