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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. $729.51 c. $759.91
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. | $729.51 | |
| c. | $759.91 | |
| d. | $691.51 | |
| e. | $721.91 |
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
