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What's the Present Value of $17,500 Discounted Back 5 Years

Question 133

Multiple Choice

What's the present value of $17,500 discounted back 5 years if the appropriate interest rate is 4.5%,compounded semiannually?

A) $14,008.93
B) $14,569.28
C) $14,149.02
D) $11,907.59
E) $11,207.14

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