Question: If interest is 4.5% compounded monthly, calculate the present value of five $1,000 monthly payments assuming cash flows at the beginning of the month. Multiple

If interest is 4.5% compounded monthly, calculate the present value of five $1,000 monthly payments assuming cash flows at the beginning of the month. Multiple Choice $4,784.69 $4,838,77 $4,962.78 $5056.53 $5094.46

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