what is the present value of$16000 discounted back 5 years if the approiate interest rate...
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what is the present value of$16000 discounted back 5 years if the approiate interest rate is 9%, compounded semiannually? 
What's the present value of $16,000 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually? Select the correct answer. a. $10,314.44 b. $10,291.24 c. $10,302.84 d. $10,326.04 e. $10,337.64
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