help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working What's the present value of $20,000 discounted back5 years if the appropriate interest rate is 4.5%,compounded semiannually?Select the correct answer.a. $16,034.20b. $16,022.20c. $16,058.20d. $16,010.20e. $16,046.20

• Interest rate per period: 4.5% per year / 2 periods per year = 2.25% per period• Number of…

What's the present value of $20,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $16,034.20 b. $16,022.20 c. $16,058.20 d. $16,010.20 e. $16,046.20

What's the present value of $20,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Select the correct answer. a. $16,034.20 b. $16,022.20 c. $16,058.20 d. $16,010.20 e. $16,046.20

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

What's the present value of $20,000 discounted back
5 years if the appropriate interest rate is 4.5%,
compounded semiannually?
Select the correct answer.
a. $16,034.20
b. $16,022.20
c. $16,058.20
d. $16,010.20
e. $16,046.20

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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