Compute the present value of $25 invested every month if the appropriate annual rate is 8.4% discounted monthly and you invest the money for 4 years with the first payment made one month from now. Answer a. $740.89 b. $1023.33 c. $1,016.21 d. $1,026.22

Compute the present value of $25 invested every month if the appropriate annual rate is 8.4% discounted monthly and you invest the money for 4 years with the first payment made one month from now.
Answer
a. $740.89
b. $1023.33
c. $1,016.21
d. $1,026.22
4 points



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