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What is the present value

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Reference no: EM133102966

Question - What is the present value of $19,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

a. $12,234.63

b. $12,190.63

c. $12,223.63

d. $12,212.63

e. $12,201.63

Reference no: EM133102966

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