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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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