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What's the present value of $1,960 discounted back 8 years if the appropriate interest rate is 6%, compounded semiannually? a. $1,221.41 b. $1,271.95 c. $956.95

What's the present value of $1,960 discounted back 8 years if the appropriate interest rate is 6%, compounded semiannually?

$1,221.41

$1,271.95

$956.95

$1,207.32

$1,116.14

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