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Money is worth 5% compounded semi-annually. What is the value today of a contract that will bring in a payment of $86,500 in nine years?
Money is worth 5% compounded semi-annually. What is the value today of a contract that will bring in a payment of
$86,500 in nine years?
DI
O
$41,962
$38,090
$63,276
$55,461
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