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    Exam 13: Personal Financial Management
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    Find the Present Value for the Given Future Amount
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Find the Present Value for the Given Future Amount

Question 18

Question 18

Multiple Choice

Find the present value for the given future amount. Round to the nearest cent.
-A = $4000, 12 years r = 4% compounded semiannually


A) $2486.89
B) $2498.39
C) $1513.11
D) $6433.75

Correct Answer:

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