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Russell Company has acquired a building with a loan that requires payments of $28,000 every six months for 4 years. The annual interest rate on

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Russell Company has acquired a building with a loan that requires payments of $28,000 every six months for 4 years. The annual interest rate on the loan is 8%. What is the present value of the building? PV of $1 PV of Annuity of $1 O $198,715.65 $188,516.72 O $224,000 $163,258.78

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