What will be the present value, if $6,800 is discounted back 4 years at an interest rate of 4% compounded semi-annually?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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What will be the present value, if $6,800 is discounted back 4 years at an interest rate of 4% compounded semi-annually?

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