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What's the present value of $1,925 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $1,433.04

What's the present value of $1,925 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

Select the correct answer.

a. $1,433.04

b. $1,415.34

c. $1,409.44

d. $1,421.24

e. $1,427.14

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