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What's the present value of $7,000 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually? Select the correct answer. a. $4,513.69

What's the present value of $7,000 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually?

Select the correct answer.

a. $4,513.69

b. $4,501.29

c. $4,488.89

d. $4,507.49

e. $4,495.09

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