The future worth 5 years from now of a present cost of $105,000 to Hydron, Inc., at an interest rate of 12% per year, compounded monthly is correctly calculated with the following equation: F= 105,000(P/F, 12%, 60) F= 105,000(F/P, 1%, 5) F= 105,000(P/F, 12%, 5) F= 105,000(F/P, 1%, 60)