Whatrsquos the present value of 4500 discounted back 5


What’s the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semi annually?

a. $3,089 b. $3,251 c. $3,422 d. $3,602 e. $3,782

Need formula for excel

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Financial Management: Whatrsquos the present value of 4500 discounted back 5
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