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What's the present value of $1,375.83 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? 0 $ 969 O $1,020 O

What's the present value of $1,375.83 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? 0 $ 969 O $1,020 O $1,074 O $1,131 O $1,187

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