What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?
A) $969
B) $1,020
C) $1,074
D) $1,131
E) $1,187

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The Answer of What's the present value of $1,525 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?
A) $969
B) $1,020
C) $1,074
D) $1,131
E) $1,187

What's the Present Value of $1,525 Discounted Back 5 Years