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Calculate the Present Value of a Payment of $27,500 Payable

Question 52

Multiple Choice

Calculate the present value of a payment of $27,500 payable in 10 years if money is worth 9% compounded semi-annually.

A) $29,723.88
B) $11,616.30
C) $11,402.68
D) $9,725.39
E) $8,899.11

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