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What is the present value of a lump sum of ( $ 8,500 ) received in 7 years at a rate of 12 percent compounded
What is the present value of a lump sum of \\( \\$ 8,500 \\) received in 7 years at a rate of 12 percent compounded semi-annually? a. \\( \\$ 19,217.68 \\) b. \\( \\$ 3,872.49 \\) c. \\( \\$ 3,844.97 \\) d. \\( \\$ 3,759.56 \\)
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