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TB MC Qu. B-45 (Algo) What amount can be borrowed ... What amount can be borrowed if seven semiannual payments of $3,400 are made at
TB MC Qu. B-45 (Algo) What amount can be borrowed ...
What amount can be borrowed if seven semiannual payments of $3,400 are made at an 8% annual rate of interest? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
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$23,800.00
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$21,896.00
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$26,391.65
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$20,407.14
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$30,337.52
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