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16 What's the present value of $11,500 discounted back 5 years if the appropriate interest rate is 5.5%, compounded semiannually? Your answer should be between

What's the present value of $11,500 discounted back 5 years if the appropriate interest rate is 5.5%, compounded semiannually? Your answer should be between 8032.00 and 9554.00, rounded to 2 decimal places, with no special characters

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