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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? $ 969 $1,020 $1,074 $1,131 $1,187

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

$ 969

$1,020

$1,074

$1,131

$1,187

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