Crowe Company has acquired a building with a loan that requires payments of $20,000 every six months for five years.The annual interest rate on the loan is 12%.What is the present value of the building?
A)$72,096
B)$113,004
C)$147,202
D)$86,590
E)$200,000

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The Answer of Crowe Company has acquired a building with a loan that requires payments of $20,000 every six months for five years.The annual interest rate on the loan is 12%.What is the present value of the building?
A)$72,096
B)$113,004
C)$147,202
D)$86,590
E)$200,000

Crowe Company Has Acquired a Building with a Loan That