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What's the Present Value of $1,700 Discounted Back 5 Years

Question 147

Multiple Choice

What's the present value of $1,700 discounted back 5 years if the appropriate interest rate is 6%,compounded monthly?

A) $1,298.14
B) $1,260.33
C) $1,335.95
D) $1,411.57
E) $1,398.97

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