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1) An amount accumulated to AED 500,000 in 6 years

Economics Feb 22, 2023

1) An amount accumulated to AED 500,000 in 6 years. What is the table compound factor to find the present value which was invested at 12% rare compounded semi-annually?

(Answer with explanation)

A. 0.4970

 

B. 1.2697

 

C. 2.0122

 

D. 0.7876

** please give me the correct option with explanation also give me conclusion as it is mandatory

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