11. 0 eBook O 12. 13. Find the present value of $300 due in the future under each of these conditions: a. 11% nominal rate, semiannual compounding, discounted back 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 11% nominal rate, quarterly compounding, discounted back 5 years. Do nohround intermediate calculations. Round your answer to the nearest cent. $ C. 11% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. d. Why do the differences in the PVs occur? The present values decline as periods per year increase