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What's the present value of $19,500 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually? Select the correct answer. a. $12,568.99

What's the present value of $19,500 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually?

Select the correct answer.

a. $12,568.99
b. $12,562.79
c. $12,565.89
d. $12,559.69
e. $12,556.59

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