Find the Present Value of $90,000 Due in 7 Years

question 274

Multiple Choice

Find the present value of $90,000 due in 7 years, given an annual rate of 5% compounded monthly. Round tour answer to the nearest cent.

• A)$63,468.26
• B)$63,468.06
• C)$63,167.41
• D)$63,568.46
• E)$63,368.06

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