Thank you What's the present value of $1,525 discounted back 5 years...

60.1K

Verified Solution

Question

Finance

Thank you image
What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? 969 $1,020 $1,074 $1,131 $1,187

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students