Multiple Choice
Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded monthly.
A) The present value is $23,741.10.
B) The present value is $23,255.83.
C) The present value is $23,612.95.
D) The present value is $22,941.71.
Correct Answer:
Verified
Correct Answer:
Verified
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