Register
What's the present value of $1,375 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?
33.1k views
0 votes
What's the present value of $1,375 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

User Vndpal
by
7.5k points

1 Answer

1 vote

Answer:

$1,019.39

Step-by-step explanation:

Just checked the answer and it was correct.

User Clavin Fernandes
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.6m questions

11.2m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!