Find the present value of $1,000,000 if interest is paid at a rate of 8.6% compounded monthly for 7 years. The present value is $ (Round to the nearest cent as needed.)
Show transcribed image textFind the present value of $1,000,000 if interest is paid at a rate of 8.6% compounded monthly for 7 years. The present value is $ (Round to the nearest cent as needed.)