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What's the present value of $5,500 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually? Select the correct answer. a. $3,518.40

What's the present value of $5,500 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually? Select the correct answer. a. $3,518.40 b. $3,553.20 c. $3,530.00 d. $3,564.80 e. $3,541.60

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