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Using the table in the handbook, the present value of $12,000 for six years compounded at 6% semiannually is:
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Using the table in the handbook, the present value of $12,000 for six years compounded at 6% semiannually is:

User Inese
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$12,000 x 0.7014 = $8,416.80

Answer: $8,416.80
User Jodiug
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