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4. Find the present value of $1,000/- due in the future under each of the following conditions: a. 10% nominal rate semi annual compounding discounted

4. Find the present value of $1,000/- due in the future under each of the following conditions:

a. 10% nominal rate semi annual compounding discounted back 5 years.

b. 15% nominal rate quarterly compounding discounted back 5 years.

c. 20% nominal rate monthly compounding discounted back 1 year.

Pls solve with steps and formulas

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