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What's the present value of $5,500 discounted back 5 years if the appropriate interest rate is 5.1%, compounded semiannually? a. $4,288.93 b. $4,849.36 c. $3,344.53

What's the present value of $5,500 discounted back 5 years if the appropriate interest rate is 5.1%, compounded semiannually?

a. $4,288.93

b. $4,849.36

c. $3,344.53

d. $7,074.88

e. $4,275.69

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