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What's the present value of $1,225 discounted back 6 years if the appropriate interest rate is 6%, compounded monthly? O a. $859.19 O b. $1,188.88
What's the present value of $1,225 discounted back 6 years if the appropriate interest rate is 6%, compounded monthly? O a. $859.19 O b. $1,188.88 O c. $863.58 d. $856.94 e. $855.42
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