19. The present value of $10,000 to be received five years from today, assuming a discount rate of 9% compounded monthly, is closest to,: A. $6,387. B. $6,499. C. $6,897.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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19. The present value of $10,000 to be received five years from today, assuming a discount rate
of 9% compounded monthly, is closest to,:
A. $6,387.
В. $6,499.
С. $6,897.
Transcribed Image Text:19. The present value of $10,000 to be received five years from today, assuming a discount rate of 9% compounded monthly, is closest to,: A. $6,387. В. $6,499. С. $6,897.
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