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What is the value today of receiving $5,000 at the end of each six-month period for the next four years, assuming an interest rate of
What is the value today of receiving $5,000 at the end of each six-month period for the next four years, assuming an interest rate of 4% compounded semi-annually? 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,PVA of $1, FVAD of $1 and PVAD of $1) Multiple Choice $32,459 $33,664 $36,627 $34,512
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Cost Accounting
Authors: Mark Lee Inman
2nd Edition
0434908320, 978-0434908325
