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Using a discount rate of 1 . 1 0 % per month, what is the present value of $ 1 0 0 , 0 0

Using a discount rate of 1.10% per month, what is the present value of $100,000 to be received in 10 years? Please round your answer to the nearest penny and note that "None of the other answers are correct" would not be right choice if you were choosing it due to your answer merely differing by less than a dollar or two from one of the given numerical choices. a. $89,637.23 b. $26,906.76 c. $71,057.52 d. None of the other answers are correct e. $73,093.24 f. $23,896.73 g. $28,942.48

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