A company is considering an investment that will return $20,000 at the end of each semiannual period for four years.If the company requires an annual return of 10%,what is the maximum amount it is willing to pay for this investment?
A)Not more than $63,398
B)Not more than $126,796
C)Not more than $80,000
D)Not more than $129,264
E)Not more than $160,000

Question

Quizplus · Accepted Answer

The Answer of A company is considering an investment that will return $20,000 at the end of each semiannual period for four years.If the company requires an annual return of 10%,what is the maximum amount it is willing to pay for this investment?
A)Not more than $63,398
B)Not more than $126,796
C)Not more than $80,000
D)Not more than $129,264
E)Not more than $160,000

A Company Is Considering an Investment That Will Return $20,000