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) $3,602.30
B) $4,178.66
C) $4,070.59
D) $4,358.78
E) $3,566.27
Correct Answer:
Verified
Correct Answer:
Verified
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