What's the present value of $1,100 discounted back 5 years if the appropriate interest rate...
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What's the present value of $1,100 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? $856.28 $815.51 $725.80 $709.49 $799.20 112 Question 6 (0.5 points) 4 15 If a bank compounds savings accounts quarterly, the nominal rate will exceed the effective annual rate. 17 18 True False
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