What is the following prize worth today if money can earn 9% compounded monthly: $5000 payable two

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What is the following prize worth today if money can earn 9% compounded monthly: $5000 payable two years from now, and a series of eleven $100 monthly payments beginning one month from now?

A. $5231.22
B. $7124.26
C. $3240.98
D. $3265.29
E. $8620.56

Posted Date: Dec 02, 2021 09:51 PM

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What is the following prize worth today if money can earn 9% compounded monthly: $5000 payable two

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