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3. Present Value. Compute the present value of $500 for the following combinations of annual percentage rates, years, and compounding periods: (a) APR-10%, n-5 years,

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3. Present Value. Compute the present value of $500 for the following combinations of annual percentage rates, years, and compounding periods: (a) APR-10%, n-5 years, m 365 (daily) (b) APR-10%, n 10 years, m-1 (annually) (c) APR-10%, n 20.25 years, m-4 (quarterly)

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