Question: (without using excel function) To purchase land for an industrial site, a company agrees to pay $20,000 down and $10,000 at the end of every

(without using excel function) To purchase land for an industrial site, a company agrees to pay $20,000 down and $10,000

at the end of every six-month period for 10 years. If the interest rate is 10% compounded

semiannually, what is the corresponding cash value of the land?

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