A small business borrowed $80,000 for 8 years at an annual rate of 12%, compounded semiannually, in order to update some equipment. Find the payoff amount just after the company makes the 10th semiannual payment of $7,916.17. Round your answer to the nearest cent.
?
A. $117,523.61
B. $108,964.74
C. $95,323.21
D. $73,580.67
E. $38,926.38
Answer: E
Mathematics
, 
, 
, 
, 
, 
, 
, 
, 
, 
, 
, 
, 
, 
, 
+ 
= 1 
? 
