document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1148906>Question 1148906</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can you please help me with this question? What is the present value of $1,900 discounted back 5 years if the appropriate interest rate is 6% compounded monthly? \r<BR>\n" );
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document.write( "A) $1,395.01<BR>\n" );
document.write( "B) $1,388.21<BR>\n" );
document.write( "C) $1,408.61<BR>\n" );
document.write( "D) $1,401.81<BR>\n" );
document.write( "E) $1,422.21 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #770253 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=770253\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> original is x<BR>\n" );
document.write( "1900=x*(1+(0.06/12))^60<BR>\n" );
document.write( "1900=18.679x<BR>\n" );
document.write( "x=$1408.61<BR>\n" );
document.write( "C </SPAN>\n" );
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