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What's the present value of $1,125 discounted back 4 years if the appropriate interest rate is 6%, compounded monthly? a. $1,102.78 b. $891.11 c. $885.49

What's the present value of $1,125 discounted back 4 years if the appropriate interest rate is 6%, compounded monthly? a. $1,102.78 b. $891.11 c. $885.49 d. $886.53 e. $888.09

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