What's the present value of $4,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $2,583.71 b. $2,571.71 c. $2,579.71 d. $2,587.71 e. $2,575.71
What's the present value of $4,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $2,583.71 b. $2,571.71 c. $2,579.71 d. $2,587.71 e. $2,575.71
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What's the present value of $4,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
Select the correct answer.
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