What's the present value of $15,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
What's the present value of $15,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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What's the present value of $15,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
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