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

User Vndpal
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Answer:

$1,019.39

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Just checked the answer and it was correct.

User Clavin Fernandes
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