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Determine what is the present value of discounted back

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Reference no: EM132483615

Question 1: Determine What is the present value of $1,800 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

Select the correct answer.

a. $1,325.67

b. $1,338.87

c. $1,330.07

d. $1,334.47

e. $1,321.27

Reference no: EM132483615

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