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What's the present value of $13,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $8,680.72

What's the present value of $13,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer.

a. $8,680.72

b. $8,656.12

c. $8,693.02

d. $8,668.42

e. $8,705.32

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