Mathematics, 18.06.2020 21:57 thisismyusername875
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
Answers: 2
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