Question: What present value P amounts to $ 2 8 0 , 0 0 0 if it is invested at 5 % , compounded semiannually, for

What present value P amounts to $280,000 if it is invested at 5%, compounded semiannually, for 10 years? (Round your answer to the nearest cent.)
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What present value P amounts to $ 2 8 0 , 0 0 0

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