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QUESTION 21 Jason manually calculated the present value of $500,000 at 4 percent 20 years from now to be $226,445.21 when interest is compounded semiannually.

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QUESTION 21 Jason manually calculated the present value of $500,000 at 4 percent 20 years from now to be $226,445.21 when interest is compounded semiannually. If Jason used the notation in the formula below to arrive at his answer, what is the numerical value of t in his formula? FV PV (1+r) O 10 O 20 O 40 120 O 200

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