Which of these is the present value?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Payment quantity: $800
Payment at the end of: 6 months
For: 10 years
Money invested at: 6% composed semi-anually
Which of these is the present value?
> $11,901.98
> $16,004.78
> $7,861.18
> $10,296.12
Transcribed Image Text:Payment quantity: $800 Payment at the end of: 6 months For: 10 years Money invested at: 6% composed semi-anually Which of these is the present value? > $11,901.98 > $16,004.78 > $7,861.18 > $10,296.12
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