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What is the present value of $1,089,560.00 given an interest rate of 1.00% compounded monthly for 13 years? a. $966,929.18 b. $1,088,577.22 c. $957,355.62 d.

What is the present value of $1,089,560.00 given an interest rate of 1.00% compounded monthly for 13 years?

		a. $966,929.18
		b. $1,088,577.22
		c. $957,355.62
		d. $956,789.45

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