What's the present value of $16,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiann

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What's the present value of $16,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiann

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What's the present value of $16,000 discounted back 5 years ifthe appropriate interest rate is 4.5%, compounded semiannually?
Group of answer choices
$12,808.16
$13,320.49
$12,295.84
$11,783.51
$13,960.90
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