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What is the present value of $1,000 received at the end of the 10th year from now if it is discounted at 10% annual interest
What is the present value of $1,000 received at the end of the 10th year from now if it is discounted at 10% annual interest rate with semi-annually compounding?
A. $149
B. $377
C. $386
D. $614
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