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Determine the present value of the donation

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Reference no: EM133005916

Problem 1: University received a semi-annual donation of $50,000 per year for the next fifteen years, with the first payment being received today. Given a discount rate of 5.5% compounding semi-annually, determine the present value of the donation.

Select one:

a. $529,482

b. $1,012,465

c. $1,040,308

d. $1,500,000

Reference no: EM133005916

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