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What's the Present Value of $4, 500 Discounted Back 5

Question 99

Multiple Choice

What's the present value of $4, 500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?


A) $3, 089
B) $3, 251
C) $3, 422
D) $3, 602
E) $3, 782

Correct Answer:

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