Question
What is the present value of $200 a month for four years, if your APR is 6 percent, compounded monthly (i.e., paid monthly)? A. $8,279.32
What is the present value of $200 a month for four years, if your APR is 6 percent, compounded monthly (i.e., paid monthly)?
A. $8,279.32
B. $8,198.79
C. $10,819.57
D. $8,516.06
E. $8,749.92
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
