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2 years ago
What is the present value of $1,000 to be received 10 years from today? Assume that the investment pays 8.5% and it is compounded monthly (round to the nearest $1).
A) $893
B) $3,106
C) $429
D) $833
Textbook 
Financial Management: Principles and Applications
Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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