A company is considering an investment that will return $19,000 semiannually at the end of each semiannual period for 4 years. If the company requires an annual return of 10%, what is the maximum amount it is willing to pay for this investment? (PV of $1, FV
of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A. Not more than $122,801
B. Not more than $152,000
C. Not more than $60,228
D. Not more than $76,000
E. Not more than $120,456
Answer: A
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