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

Question 44

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

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