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What is the value today of receiving $3,000 at the end of four years, assuming an interest rate of 12% compounded semiannually? Note: Use tables,
What is the value today of receiving $3,000 at the end of four years, assuming an interest rate of 12% compounded semiannually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ). Multiple Choice $1,907 $1,882 $2,880 $2,482 Present and future values of $1 at 3% are presented below: Multiple Choice $48,259 $44,237 $40,216 $42,227
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