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What is the present value of $100,000 discounted back 10 years if the appropriate interest rate is 6%, compounded monthly? Question 8 options: a) $55,839.48

What is the present value of $100,000 discounted back 10 years if the appropriate interest rate is 6%, compounded monthly?

Question 8 options:

a)	$55,839.48

b)	$54,963.27

c)	$57,413.72

d)	$47,090.49

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