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What's the present value of $1,050 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $768.04

What's the present value of $1,050 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

Select the correct answer.

a. $768.04

b. $762.84

c. $773.24

d. $783.64

e. $778.44

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