Question: Why the answer is b? What is the present value of $100 to be deposited today into an account paying 8%, compounded semiannually for 2

Why the answer is b?

What is the present value of $100 to be deposited today into an account paying 8%, compounded semiannually for 2 years? A. $85.48 $100.00 C. $116.00 D. $116.99 100 (1+2283.yx

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