Question: Your client has a choice of either receiving $5000 two years from now or receiving a lump payment today. If your client can earn 5.4%

Your client has a choice of either receiving $5000 two years from now or receiving a lump payment today. If your client can earn 5.4% compounded semiannually, what amount received today is equivalent to $5000 in two years? (Taken from CIFP course materials.)

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