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What is the present value of discounted back years

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Reference no: EM132490977

Question 1: What's the present value of $7,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Select the correct answer.

Option a. $4,865.86

Option b. $4,829.46

Option c. $4,838.56

Option d. $4,847.66

Option e. $4,856.76

Reference no: EM132490977

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