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Find the Present Value of $450 in the Six Years

Question 9

Multiple Choice

Find the present value of $450 in the six years' time if the discount rate is 9.5% compounded semi- annually. Round your answer to two decimal places.


A) $261.05
B) $151.44
C) $187.45
D) $257.85
E) $193.24

Correct Answer:

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