What is the present value of discounted back

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Reference no: EM131510204

What's the present value of $10,00 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

a) $8506.28

b) $8150.51

c) $7413.72

d) $7090.49

e) $799.20

Reference no: EM131510204

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