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Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $4,400 for 5 years. The interest rate on the note is

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Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $4,400 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 $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

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