What's the present value of $15,500 discounted back 5 years if the appropriate interest rate...

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Finance

What's the present value of $15,500 discounted back 5 years if the appropriate interest rate is 9%, compounded semiannually?

Select the correct answer.

a. $9,980.88
b. $9,969.78
c. $9,977.18
d. $9,984.58
e. $9,973.48

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