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What's the present value of $16,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $10,295.04

What's the present value of $16,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer.

a. $10,295.04

b. $10,310.64

c. $10,287.24

d. $10,302.84

e. $10,318.44

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