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Find the present value of $500 due in the future under each of these conditions: a. 8% nominal rate, semiannual compounding, discounted back 8 years. Round your answer to the nearest cent 8% nominal rate, quarterly compounding, discounted back 8 years. Round your answer to the nearest cent. c. 8% nominal rate, monthly compounding, discounted back 1 year. Round your answer to the nearest cent. d Why do the differences in the PVs occur? -Select