Multiple Choice
Calculate the cash value of a bond that will mature with a value of $16 500 in 7 years and 5 months. The bond is discounted at 5.8% compounded semi-annually.
A) $10 797.48
B) $10 979.48
C) $10 997.48
D) $10 779.48
E) $11 117.48
Correct Answer:
Verified
Correct Answer:
Verified
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