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An Amount Is Deposited for Five Years at 6% and Is

Question 24

Multiple Choice

An amount is deposited for five years at 6% and is compounded semi-annually. Which interest rate and periods will be used to determine the present value?


A) 8% for 5 periods
B) 3% for 10 periods
C) 3% for 2.5 periods
D) 8% for 10 periods

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