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14, (PV with stated rate) Assuming that the interest rate is 5%, compounded semi-annually, which of the following is more valuable? a. b. c. d.

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14, (PV with stated rate) Assuming that the interest rate is 5%, compounded semi-annually, which of the following is more valuable? a. b. c. d. $5,000 today $10,000 at the end of 5 years $9,000 at the end of 4 years $4 00 at the end of each year (in perpetuity) commencing in 1 year

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