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What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded monthly? Group of answer choices $3,602.30 $3,594.84
What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded monthly?
Group of answer choices
$3,602.30
$3,594.84
$4,358.78
$3,611.03
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