What's the present value of $14,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? a. $9,024.59 b. $9,014.99 c. $9,005.39 d. $9,034.19 e. $9,043.79
What's the present value of $14,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? a. $9,024.59 b. $9,014.99 c. $9,005.39 d. $9,034.19 e. $9,043.79
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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