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Mathematics, 25.05.2020 22:57 hasshh

What's the present value of $11,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer.

a. $7,083.20
b. $7,025.60
c. $7,040.00
d. $7,068.80
e. $7,054.4

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Answers: 2

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