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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. $759.91 b. $761.03 c. $762.70

What's the present value of $1,025 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $759.91 b. $761.03 c. $762.70 d. $999.75 e. $765.94

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