What's the present value of $15,000 discounted back 5 years if the appropriate interest rate is 4.3%, compounded semiannually? Oa. $18,555.60 Ob. $9,845.74 Oc. $12,152.61 Od. $12,125.72 Oe. $13,486.50

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 7P
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What's the present value of $15,000 discounted back 5 years if the appropriate interest rate is 4.3%, compounded semiannually?
Oa. $18,555.60
Ob. $9,845.74
Oc. $12,152.61
Od. $12,125.72
Oe. $13,486.50
Transcribed Image Text:What's the present value of $15,000 discounted back 5 years if the appropriate interest rate is 4.3%, compounded semiannually? Oa. $18,555.60 Ob. $9,845.74 Oc. $12,152.61 Od. $12,125.72 Oe. $13,486.50
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