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What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%? How do i calculate this on the financial

What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%?

How do i calculate this on the financial calculator?

answer should be $1,131.

My inputs are:

FV = $1,525

N = 5

I/Y = 6%

CPT PV

and I get $1,139.57

should my inputs be different because it's compounding monthly?

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