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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?

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?

asked
User Vndpal
by
8.2k points

1 Answer

1 vote

Answer:

$1,019.39

Step-by-step explanation:

Just checked the answer and it was correct.

answered
User Clavin Fernandes
by
8.3k points
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