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24. Problem 5.24 (Present Value for Various Discounting Periods) eBook Find the present value of $200 due in the future under each of these conditions:

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24. Problem 5.24 (Present Value for Various Discounting Periods) eBook Find the present value of $200 due in the future under each of these conditions: a. 9% nominal rate, semiannual compounding, discounted back 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 9% nominal rate, quarterly compounding, discounted back 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 9% 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? trade New Save & Costine TOSHIBA

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