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Question: What amount of money is equivalent to receiving $13,000 five years from today, if the interest ra...

Show transcribed image text What amount of money is equivalent to receiving $13,000 five years from today, if the interest rate is 9% per year compounded semiannually?

What amount of money is equivalent to receiving $13,000 five years from today, if the interest rate is 9% per year compounded semiannually?