Find the present value of $500 due in five years under each of the following conditions: a.
Question:
Find the present value of $500 due in five years under each of the following conditions:
a. 12 percent simple rate, compounded annually
b. 12 percent simple rate, compounded semiannually
c. 12 percent simple rate, compounded quarterly
d. 12 percent simple rate, compounded monthly
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a PV 500112 5 500056743 28371 Using a financial calculator enter N 5 IY 12 and FV 500 comp...View the full answer
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