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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? Group of answer choices $12,808.16 $13,320.49

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

Group of answer choices

$12,808.16

$13,320.49

$12,295.84

$11,783.51

$13,960.90

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