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What is the present cash value

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Question - 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?

a) $5292.06

b) $5209.06

c) $5092.06

d) $5290.06

e) $5029.06

Reference no: EM132939897

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