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    Exam 13: Time Value of Money
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    What Is the Value Today of Receiving $5,000 at the End
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What Is the Value Today of Receiving $5,000 at the End

Question 43

Question 43

Multiple Choice

What is the value today of receiving $5,000 at the end of six years,assuming an interest rate of 8% compounded semiannually?


A) $3,151.
B) $3,203.
C) $3,428.
D) $3,123.

Correct Answer:

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