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This is question about finance, economics and management. Can I please see the steps? 4.18 What amount of money is equivalent to receiving $8000 three

This is question about finance, economics and management.

image text in transcribed Can I please see the steps?

4.18 What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually? Ans. $6322.52

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