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Question 5 3 pts ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of

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Question 5 3 pts ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $20,000 at the end of every six months for each of the next five years and a lump sum payment of $14,000 at the end of the sixth year. Calculate the total present value of these payments if the interest rate is 12% compounded semi-annually. Use the time value of money factors posted in canvas to answer this question. To access these factors, click modules and then scroll to week 11. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this

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