What amount of money is equivalent to receiving given money, Microeconomics

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What amount of money is equivalent to receiving given money

Problem

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

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What amount of money is equivalent to receiving given money

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Microeconomics: What amount of money is equivalent to receiving given money

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