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What is the present value of $50,000 received each 6 months for 4 years if the annual percentage rate is 5%? a) $362,516 b) $334,891

What is the present value of $50,000 received each 6 months for 4 years if the annual percentage rate is 5%?

a) $362,516 b) $334,891 c) $400,000 d) $358,507

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