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What's the present value of $1,175 discounted back 8 years if the appropriate interest rate is 6%, compounded monthly? a. $727.94 b. $1,129.04 c. $732.22

What's the present value of $1,175 discounted back 8 years if the appropriate interest rate is 6%, compounded monthly? a. $727.94 b. $1,129.04 c. $732.22 d. $729.67 e. $737.21

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