Multiple Choice
Find the present value of $90,000 due in 7 years, given an annual rate of 5% compounded monthly. Round tour answer to the nearest cent.
A) $63,468.26
B) $63,468.06
C) $63,167.41
D) $63,568.46
E) $63,368.06
Correct Answer:
Verified
Correct Answer:
Verified
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