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One will be paid $2,000 to at the end of year 1, 2, and 3 with an annual interest of 12% compounded semi-annually. What is

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One will be paid $2,000 to at the end of year 1, 2, and 3 with an annual interest of 12% compounded semi-annually. What is time-zero present value of these payments? A. 4,355 B. 7,716 C. 6,000 D. 5,000 E. None of above

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