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Find what is the present cash value

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Reference no: EM132892175

Problem 1: You are offered payments of $475.00 at the end of each semi-annual period for 6.5 years. You think that the cost of money is 6.14% compounded semi-annually. What is the present cash value?

Option 1: $5292.06

Option 2: $5209.06

Option 3: $5092.06

Option 4: $5290.06

Option 5: $5029.06

Reference no: EM132892175

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