Question: The present value of $ 1 5 , 0 0 0 to be received in 5 years where the discount rate is 9 . 5

The present value of $15,000 to be received in 5 years where the discount rate is 9.5 percent compounded semiannually is $
Calculate to two decimal points using the PV formula: PV=FV1(1+r)n or Rate,Nper,PMT,FV,Type).
The present value of $15,000 to be received in 5 years

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