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What's the present value of $13,000 discounted back 5 years if the appropriate interest rate is 6%, compounded semiannually? 1. $10,198.50 2. $11,655.43 3. $10,718.83
What's the present value of $13,000 discounted back 5 years if the appropriate interest rate is 6%, compounded semiannually?
| 1. | $10,198.50 | |
| 2. | $11,655.43 | |
| 3. | $10,718.83 | |
| 4. | $10,406.63 | |
| 5. | $9,673.22 |
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