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What's the present value of $1,700 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $1,260.33 O b. $1,298.14 O

What's the present value of $1,700 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $1,260.33 O b. $1,298.14 O c. $1,398.97 d. $1,411.57 e. $1,335.95

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