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What is the value today of receiving $4,000 at the end of two years, assuming an interest rate of 6% compounded semiannually? Note: Use tables,

What is the value today of receiving $4,000 at the end of two years, assuming an interest rate of 6% 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

$3,560

$3,554

$960

$3,754

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