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what is the present value of $120,000 deposited today if the rate of interest is 5% compounded semiannually and you intend to keep that account
what is the present value of $120,000 deposited today if the rate of interest is 5% compounded semiannually and you intend to keep that account for five years?
A) 120000
B) 153710.15 (This answer is incorrect)
C) 153810.15
D) 153910.15
E) None of the above (This answer is incorrect)
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