9. Problem 5.24 (Present Value for Various Discounting Periods) eBook Problem Walk-Through Find the present value of $500 due in the future under each of these conditions: a. 6% nominal rate, semiannual compounding, discounted back 4 years. Do not round Intermediate calculations, Round your answer to the nearest cent. 5 0.6% nominal rate, quarterly compounding, discounted back 4 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 6% 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? Select