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What's the present value of $1,025 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $767.51 b. $759.91 c. $721.91

What's the present value of $1,025 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $767.51 b. $759.91 c. $721.91 d. $691.51 e. $729.51

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