Compute the present value of $199500 that is invested for 6 years and 9 months at 2.45% compounded monthly?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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Compute the present value of $199500 that is invested for 6 years and 9 months at 2.45% compounded monthly?
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