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45. What's the present value of $1,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a.

45. What's the present value of $1,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer. a. $978.19 b. $990.49 c. $965.89 d. $953.59 e. $941.29

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