Find the Present Value of $30,000 Due in 4 Years

question 138

Multiple Choice

Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded monthly. ​

• A) The present value is $23,741.10.
• B) The present value is $23,255.83.
• C) The present value is $23,612.95.
• D) The present value is $22,941.71.

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